China’s Artificial Intelligence (AI) Revolution
The timing of the development of JabJabX couldn’t be more prescient. Artificial Intelligence is a big deal in China right now as the Government seeks to develop the countries abilities in the area. Premier Li Keqiang has recently talked about the importance of AI as an area for economic development.
And the Government is putting its money where its mouth is too. According to the WuZhen Institute, a Chinese think-tank, China invested the second highest amount in the world in AI initiatives in 2016, with a total of US $2.6 billion being spent. Whilst this was some way behind the USA, with US$17.9 billion, it was still way ahead of the third highest placed country, the UK, with US$800 million.
Meanwhile, i-Research estimate the Chinese AI market to be worth as much as US$9.1 billion by as soon as 2020, which would be a phenomenal rate of growth if true. This makes it a great time to be moving into the AI sector, especially as the JabJabX is not providing a service which might replace jobs or have other consequences which the public might react negatively too.
And all new businesses in China need the support of the country’s Government if they are going to make a success of their business. With China’s growing relationship with Hong Kong, as well as its status as the biggest Kung Fu market in the world, this is particularly important for JabJabX.
It remains to be seen if JabJabX will be the revolutionary force in martial arts that its developers hope. But it does prove that even the most traditional of cultures are still open to modernisation.