China forecasts artificial intelligence industry to exceed 400 billion yuan by 2025

Reuters News
Posted: Jul 20, 2017 5:43 AM

BEIJING (Reuters) - China unveiled a national artificial intelligence (AI) development plan on Thursday, and said it expects the value of its core AI industries to exceed 150 billion yuan by 2020 and 400 billion yuan ($59.07 billion) by 2025.

China will look to be an international leader in AI technology by 2025 and will encourage cross-border cooperation as part of the strategy, China's State Council said in a notice on its website on Thursday.

It follows the release of a similar national AI development plan released by the United States in October last year.

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(Reporting by Cate Cadell; Editing by Christian Schmollinger)