Top industry leaders and government officials said on Tuesday that artificial intelligence is bringing considerable benefits to China and that more global efforts are needed to achieve breakthroughs in artificial intelligence to produce new growth and shared interests.

Experts say the world needs more artificial intelligence breakthroughs.
Experts say the world needs more artificial intelligence breakthroughs.

AI innovation had gained momentum, a fact that shows that about 70% of AI patent applications worldwide come from China and the United States.

He said at the 2nd China Parallel Conference: "The cutting-edge technology is now helping people to do some easy work and will have a greater impact in the future. We hope that more economies and groups will participate in it. Share this huge interest." The International Import Expo opened in Shanghai on Tuesday.

She said: "In the past year, we have issued eight virtual banking licenses and launched what we call a fast payment system, which now processes an average of 144,000 conversions per day, totaling more than 2 billion Hong Kong dollars (US$255 million). )."

When they made the above remarks, the state has announced a national development plan to build an AI core industry with a scale of 1 trillion yuan by 2030. It is expected that the industry will stimulate as much as 10 trillion yuan in related industries.

A report by consulting firm PricewaterhouseCoopers predicts that by 2030, artificial intelligence will contribute $15.7 trillion to the global economy, and China will be one of the biggest beneficiaries. By 2030, its GDP will grow by 26 %.

Currently, AI companies at home and abroad are working closely with the government to accelerate the commercialization of AI in the country. They achieve substantial results in the automotive, robotics, healthcare, and other fields.

Tesla's board chairman Robyn M. Denholm revealed at the meeting that Tesla's super factory has begun trial production of Model 3 and is expected to be fully operational by the end of this year.

She said: "We are working with local governments to obtain driverless certificates and hope to complete this work by the end of this year."

Earlier, the company said it had begun trial production of the entire car – from bodywork to paint to final assembly – at a manufacturing cost of about 65% compared to the US Model 3 production plant.

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