TEHRAN, Jul 14 - The 2019 Global Artificial Intelligence (AI) and Robotics Summit kicked off on Friday in China's Silicon Valley, Shenzhen - a city in south China's Guangdong Province, gathering together many AI bigwigs to discuss the future of AI.
TEHRAN, Young Journalists Club (YJC) - Thousands of young engineers keen to hear and learn from the pioneering scholars attended the opening ceremony.
"Although we're in the top front-tier of AI as we are working at universities, but you still can feel that it's an eye-opening experience for many audiences here," said Wu Haifeng, associate professor of Chinese University of Hong Kong Shenzhen.
From virtual assistants on smartphones and in cars, to facial recognition cameras in airports and on streets, AI has become a maor part of our lives in just a few short years.
The passionate developers at the summit are evidence of China's explosive AI industry growth.
According to the Wuzhen Institute, since 2000, the global AI industry has raised a total of 78.5 billion U.S. dollars, 72 billion of it coming in just the last five years.
And the market in China is even hotter. In 2018, Chinese AI enterprises raised 15.6 billion U.S. dollars, accounting for nearly half of the total fund-raising worldwide.
"Bubble is a good in some circumstance, right? Without bubble, without the capital-driven, there is going to be no room for the improvement in the future. So all technology is money-burning," Wu said approvingly.
China's booming AI industry is luring more and more leading Chinese scientists back home.
Experts at the three-day summit also said that AI is still in its early stages. They called on both the industry and society in general to be more patient and cautious as heading into the 2020s.