Beijing has mapped out a blueprint to grow its core AI industry by more than 10% every year to reach 300 billion yuan (US$42.24 billion) by 2025, Chinese media reported yesterday.
The municipal government of China’s capital yesterday issued an action plan, in which it outlines ways to develop the city into an AI innovation powerhouse with global influence.
The plan stipulates that between 2023 and 2025, the city will construct an industrial cluster to achieve an “upgrade” in its AI production capacity.
In addition to elevating the core AI industry’s output to 30 billion yuan by 2025, the city looks to generate over 1 trillion yuan in overall revenue from this domain.
According to the plan, the city’s leading AI companies will invest heavier sums into R&D efforts, with the number of startups also expected to rise steadily.
By 2025, Beijing is to lead the nation in the number of AI businesses, and add five to 10 unicorns in this field, the document says.
With AI applications flourishing both in breadth and depth, AIGC-enabled products will become the mainstream and lead to an ecosystem in the Chinese market, the plan states.