BEIJING: The artificial intelligence (AI) market in China is expected to reach 11.9 billion U.S. dollars by 2023, said a new white paper.
Driven by favorable policies, China's AI market is expected to account for 12 percent of the global total in 2019, with an annual growth of 64 percent, making it the world's second largest AI market, according to the white paper released by the global market intelligence firm International Data Corporation (IDC) and QbitAI, a Chinese technology media outlet.
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