Artificial intelligence is reshaping the way we live and work, and its impact may even surpass that of fire and electricity. Google CEO Sundar Pichai recently highlighted this, emphasizing that AI is driving unprecedented changes. While some may see it as hype, the reality is that AI is rapidly transforming our daily lives.
With the rapid advancement of technology, from virtual assistants like Siri to self-driving cars, and from Google’s AlphaGo to smart applications in various industries, tools once confined to science fiction are now part of our everyday experiences. These innovations are not just changing how we interact with technology—they are accelerating technological progress, boosting industrial upgrades, and fueling economic growth.
**New Players Rising**
While Western countries began exploring AI in the 1960s, China only started making significant strides around 2012. However, with rapid iteration and large-scale development, China has made remarkable progress. AI research is now being applied in industry, providing a new boost for the real economy.
In recent years, the AI landscape in China has become increasingly competitive. Tech giants like BAT are actively investing in AI strategies, aiming to capture market leadership. According to Zero2IPO Research Center, investments are concentrated in areas such as big data, cloud computing, smart manufacturing, and autonomous driving.
According to the CCID Research Institute, there were over 700 AI companies in China in 2016. The country ranks second globally in patent applications and financing. By 2017, the AI industry was valued at 360 billion yuan, matching developed nations. Among the top 100 global AI companies, 27 are Chinese, including Tencent, Alibaba Cloud, Baidu, and HKUST, which have emerged as global leaders.
Qin Yong, Director of the High-tech Division at the Ministry of Science and Technology, noted that China leads in voice recognition, visual recognition, machine translation, and Chinese information processing.
**Black Technology Enhancing Life**
In 2017, “black tech†like self-driving cars, voice interaction, and VR rehabilitation devices began to emerge. More physical industries are becoming intelligent, and more people are benefiting from these advancements.
Hu Yu, President of HKUST Flywheel, said AI will change life in two ways: directly improving consumer products like smartphones, robots, and smart homes, and transforming industries such as education, healthcare, and public security.
Companies like Baidu, Tesla, and Google have made self-driving a reality. Although still evolving, driverless technology is becoming safer and more reliable. As IoT and big data develop, cars could operate like trains, reducing traffic congestion and accidents while supporting smart logistics.
From Apple’s Siri to Baidu’s DuerOS, speech recognition is a major AI achievement. Li Yanhong, CEO of Baidu, believes that natural language will become the primary human-computer interaction method. With further breakthroughs, new AI ecosystems will emerge, accelerating industry growth.
In healthcare, AI-powered devices like Tencent’s Yingying improve diagnostic accuracy and efficiency, helping doctors detect diseases early and reduce patient costs.
AI is also embedded in daily life—unmanned retail, smart homes, and mobile apps. Even finance benefits, with AI-driven investment platforms offering smarter, more accurate financial solutions.
Kai-Fu Lee once said AI is ideal for finance because it's purely digital. With mobile internet growth, traditional brokerage models face challenges, but AI is opening new opportunities. Smart features in brokerage apps are gaining traction.
Guotai Junan and Huatai Securities launched AI-enhanced apps, sparking a wave of innovation. In 2017, over 80 securities-related apps were available on iOS. China Galaxy Securities’ version 3.0 introduced five "black technologies," including smart trading, panoramic accounts, and intelligent customer service.
The "Smart Trading" feature acts as a "watch assistant," helping users make informed decisions and manage risks. "Panorama Account" offers real-time asset tracking, while "Galaxy Optimization" provides risk assessments and investment insights.
"Guangzhou You Gu" connects users with top advisors, and "Silver Creek" handles 80% of common queries. As one executive put it, the app is not just a tool—it’s a comprehensive platform for investor value protection and growth.
**Future Expectations**
A recent video in Shanghai’s subway sparked online debate. A passenger tried to use voice-activated ticketing, but the system didn’t respond. This highlights the growing integration of AI into daily life.
Under national policies, AI is expanding across sectors. The Three-Year Action Plan aims to advance AI in areas like autonomous vehicles, medical diagnostics, and smart home systems. Key developments include smart sensors, neural chips, and open platforms.
As 2018 is called the year of full AI application, more companies are recognizing its potential. With continued exploration and implementation, AI will continue to reshape industries and daily life.
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