China Poised To Dominate The Artificial Intelligence (AI) Market Posted on : Mar 15 - 2021

If you, or your kids, are obsessed with TikTok, you might be surprised to hear that the company behind your favorite app is a giant artificial intelligence tech conglomerate in China. Many westerners have no idea that China is actually setting a course to become a world leader in AI, and that a number of key Chinese AI companies have already become a major part of everyday life in China, the United States, and the rest of the world.

China's leaders have made AI a strategic priority and are driving the Chinese tech industry to define standards and norms for global artificial intelligence practices.

Why China Is Poised to Lead the Global AI Market

There are three major driving factors behind China’s rise on the global AI scene:

1. Access to a huge domestic market. China's population of 1.4 billion consumers is the biggest domestic market in the world. There are a plethora of potential AI applications for this market, so China is fertile ground for AI companies to thrive.

2. AI is a top priority for leadership, and the Chinese government has articulated a clear, ambitious mission on artificial intelligence. The government and business sector in China understand that AI is revolutionizing virtually all aspects of consumers’ lives, and they are embracing the new technology wholeheartedly and providing strong strategic guidance for innovative AI tech companies.

3. China fiercely protects its internal market, blocking major US-based AI players like Facebook and Google. This virtually eliminates competition from Western companies so domestic tech innovation can flourish in China. More recently, China has also imposed restrictions on the export of some innovative AI technology with the aim of safeguarding national economic security. View More