It wasn't mere coincidence that Shanghai was chosen as the venue for this year's WAIC. Shanghai is also known as the home of AI startups and talents in China, with the city having a long-term goal of becoming a global hub for innovation especially for the growing sector of AI.
Shanghai's push to be a major innovation hub is helped along by projections that China is poised to dominate the market for AI
in the coming years. For one, the huge domestic Chinese market presents more opportunities for AI applications than anywhere else. Second, some of the biggest companies taking the lead in AI such as Baidu, Alibaba, and Tencent all happen to be Chinese. Many of these companies' services are already integrating AI into daily life, such as smart speakers and smart refrigerators.
Furthermore, Chinese scientists are throwing an awesome amount of effort into researching AI. According to the Harvard Business Review
, China's global share of research papers AI numbered 27.68% in 2017 (37,343), surpassing any other country in the world, including the U.S, a feat it holds to this day. As of March 2019, the number of Chinese AI firms has also reached 1,189
China's moves to get ahead in AI signify that we are now entering a new century of Chinese tech excellence. With WAIC Shanghai 2021, the progress being made in China can be easily shared with the world.