Companies eye dawning of golden age for rapidly growing sector

Ma Huateng, chairman and CEO of Tencent [Photo provided to China Daily]

SHENZHEN － Executives at Chinese internet giants, including Baidu, Alibaba and Tencent, are making a game-changing shift in strategy to focus on the development of artificial intelligence and believe the next decades will be a golden age for the rapidly-developing industry.

"We used to see artificial intelligence only as a way to improve our computing and processing abilities. But, actually, AI can use data to develop a self-learning ability and generate its own rules," said Ma Huateng, chairman and CEO of Tencent, at the China IT Summit in Shenzhen on Sunday.

In March 2016, Google's artificial intelligence program AlphaGo scored a landmark 4-1 victory over South Korean Go master Lee Se-dol in a five-round showdown. The machine's victory was noted by AI enthusiasts around the world.

Tencent developed its own AI program, Jueyi, which has scored several key victories in matches around the world.

"If we develop a simulator, define its parameters, let it fully explore, study and make mistakes, programs will figure out how things work, far exceeding our imagination," Ma said.

Ma said Chinese IT companies are actively developing AI.

"Many companies are ... seizing territory," Ma said.

Internet giant Baidu set up a national deep learning technology lab in Beijing in March. The lab gathered AI experts from Baidu, Tsinghua University, Beihang University and the China Academy of Information and Communications Technology.

"The internet is just an appetizer. The main course will be AI. In the future, machines will develop to a point where they can understand humans and their intentions," said Baidu Chairman Li Yanhong.

Baidu has invested heavily in machine-aided study, image recognition, voice recognition and driverless vehicles.

"AI will be a magnanimous industry that will last for a very long time. I'm certain that the industry will develop fast over the next 20 to 50 years," Li said.

At a separate AI conference in Beijing last week, Zhang Yongqiang, deputy director of Zhongguancun Management Committee, said the AI industry would see a "new age," promoted by many government policies.

In May last year, the government made a three-year action plan to develop AI.

The industry market size was 23.9 billion yuan ($3.5 billion) last year and will reach 38 billion yuan in 2018, according to the Ministry of Industry and Information Technology.

AI has been applied widely in security, finance and the medical fields. DeepGlint is a Beijing-based company which has developed a smart video surveillance system, which it said can help police track suspects.

"If you upload facial images－or other information such as clothing, height, body size and car license plate numbers into the system－it will scan huge amounts of video for matches," said Zhao Yong, DeepGlint's founder.

"It is impossible for police officers to scan millions of hours of video footage to locate a suspect, but it is possible for the system to do it."

"Machines can do what people can't. We must make machines our best partner, rather than letting them replace us," said Jack Ma, founder of internet commerce giant Alibaba.

"We should not be worried about how much the internet is impacting traditional business. Rather, we have to use internet and AI to our advantage."