China has surged forward in the generative AI (Gen AI) landscape, submitting over 38,210 AI patents between 2014 and 2023.
This locations it forward of different nations targeted on digital transformation, akin to the US (6,276), South Korea (4,155), Japan (3,409) and India (1,350), based on a current report by Reuters.
“The sharp rise in patenting exercise displays the current technological advances and the potential inside Gen AI,” the UN report explains.
In recent times, China has been dedicated to innovating the subsequent technology of Gen AI, powering forward with highly effective improvements throughout a number of key industries, together with provide chain, manufacturing and electric vehicles (EV). Now, it goals to proceed surging forward with its innovation, additional committing itself to a transformative AI market.
Gen AI continues to rework business in China
Gen AI, which generates textual content, photographs and pc code, has seen a speedy rise in recognition throughout a number of enterprise sectors in current months. Consequently, organisations worldwide are desperate to develop their very own Gen AI expertise, impressed by fashions like OpenAI’s ChatGPT and Anthropic’s Claude.
Based on the World Mental Property Group (WIPO), greater than 50,000 Gen AI patent purposes have been filed in the previous decade, with 1 / 4 of these in 2023 alone. Chatbots in explicit, a distinguished software of Gen AI, are reworking sectors by enhancing office productiveness and customer support.
As Gen AI expertise evolves, companies globally are growing insurance policies and techniques to harness its potential responsibly. If used responsibly, the expertise might revolutionise firm operations and be built-in successfully inside international workforces.
Prime patent candidates presently in China embody TikTok proprietor ByteDance, Tencent, Ping An Insurance coverage Group and Baidu.
The continued affect of the AI revolution
China’s AI market continues to thrive despite US-imposed restrictions on AI chips. The nation helps its companies and prioritises AI investments, aiming to be a worldwide AI chief by 2030. Forecasts counsel that China’s AI market will triple from US$23.196bn in 2021 to roughly US$61.85bn by 2025.
Considerably, the nation has efficiently managed to maintain its AI momentum going, having launched world-first laws into AI expertise in areas akin to deepfakes and generative fashions. Likewise, the nation’s interim measures on Gen AI in 2023 acknowledged that AI expertise should adhere to the “core socialist values of China” and shouldn’t endanger nationwide safety.
Initiatives like Made in China 2025 and the Subsequent Era Synthetic Intelligence Growth Plan (2017) illustrate China’s dedication to AI sector progress, enterprise innovation and AI governance.
Quoted in our sister publication AI Magazine on the topic, Baidu co-founder, chairman and CEO of Baidu, Robin Li, stated: “We imagine that synthetic intelligence will revolutionise each business we all know in the present day. The immense long-term worth of AI and its transformative affect on all facets of life are solely in their infancy.”
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