According to the UN, China is leading the way in the generative AI (Gen AI) race.
China currently holds the most AI patents, with over 38,210 patents filed between 2014 and 2023, surpassing countries like the US, South Korea, Japan, and India.
The UN report attributes the surge in patent activity to recent technological advancements and the potential of Gen AI.
China has been focusing on innovating Gen AI in key industries such as supply chain, manufacturing, and electric vehicles.
This dominance in the Gen AI market underscores China’s competitive edge and dedication to innovation.
Gen AI Gaining Traction in Enterprises
Gen AI, a type of AI that generates text, images, and code, has seen a surge in popularity, with organizations worldwide eager to leverage the technology.
More than 50,000 patent applications for Gen AI have been filed in the past decade, with a significant portion in 2023 alone.
Chatbots, powered by Gen AI, are becoming essential for businesses looking to enhance productivity and customer service.
Businesses globally are developing strategies to harness Gen AI’s power responsibly, aiming to revolutionize operations.
Top applicants for Gen AI patents include ByteDance, Alibaba Group, and Microsoft.
Leading companies in China with the most Gen AI patents include Tencent, Ping An Insurance Group, and Baidu.
China’s Continuous AI Innovation
Despite restrictions on AI chips from the US, China remains committed to advancing its AI market.
China aims to become a global AI leader by 2030, with the AI market expected to triple by 2025.
The country has introduced regulations on AI technology, emphasizing adherence to national values and security.
Initiatives like Made in China 2025 and the Next Generation Artificial Intelligence Development Plan demonstrate China’s dedication to AI growth and governance.
Baidu’s CEO Robin Li believes AI will revolutionize all industries and aspects of life.
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