Photo taken on August 12, 2016 shows the China Computer Federation Global Artificial Intelligence &Robotics Summit (CCF-GAIR) held in Shenzhen. [Liu Zheng/chinadaily.com.cn]

Artificial intelligence (AI) is once again being recognized as an international geeky viral. And once again, it's drawing the Chinese media's attention.

On Friday, at the ongoing Global Artificial Intelligence &Robotics Summit held in Shenzhen, Zhang Hongjiang, CEO of Kingsoft told China Daily, the market's potential and bonus in the country will be continually to release in AI industry in the upcoming years, and more capitals will be expected to flow into the sector despite over-heated investments appear.

"Minorities' business failure or homogeneity competition hit on the market somehow reveals the technology's strong forward momentum," said Zhang.

"The innovation and leaping development reserve in China's mobile internet sector have generated attentions from both western media outlets and overseas investors, such as the latest tech magazine Wired's story about Xiaomi and New York Times' WeChat coverage," Zhang said.

An companion AI robot named Boyan dodo is on display during the China Computer Federation Global Artificial Intelligence &Robotics Summit (CCF-GAIR) held on August 12, 2016 in Shenzhen. [Liu Zheng/chinadaily.com.cn]

According to Zhang, Algorithms, Big Data and Computing are the three major basic technologies that enable the implementations of AI.

"US tech pioneers such as Microsoft and Google have been played a leading role in developing AI's algorithms in the past decades while domestic late-comers made their every effort to catch up the trend in recent years."

"Voice interaction and facial recognition are two major implementations of AI that applied by many Chinese companies at present."

Progress achieved in technology like machine learning, which associated with AI, reflects the rapid growth of the country's AI industry.

Michael Wooldridge, head of department of computer science of Hertford College, University of Oxford, delivers a keynote speech named "Routes to AI" during the China Computer Federation Global Artificial Intelligence &Robotics Summit (CCF-GAIR) held on August 12, 2016 in Shenzhen. [Photo provided to chinadaily.com.cn]

Yang Qiang, chair professor and head department of computer science and engineering of the Hong Kong University of Science and Technology said, "the technology gap between China and some of the industry leaders in the field, such as the US, witnessed narrow down in recent years as Deep Learning, Reinforcement Learning and Transfer Learning contained in the sector have made considerable progress and get obviously improved."

"A number of Chinese writers' academic research essays published at the IJCAI (International Joint Conference on Artificial Intelligence) increased sharply in the past recent years."

According to analysis company iResearch, last year's market scale of AI in China reached to about 1.2 billion yuan, and it is expected to grow 50 percent in the next five years. The company estimated that by 2020, the market size will reach to 9.1 billion yuan.

"More individuality will be introduced to machine learning and AI will be widely used in finance sector," Yang said.

"The industry will seen a develop trend that face to radicalized directions," said Zhou Zhihua, director of the machine learning and data mining research institute of Nanjing University, "Varieties of sectors such as autonomous driving will welcome a promising future."

The conference, hosted by the China Computer Federation and organized by domestic technology website leiphone.com, includes a panel of discussions with ranging topics such as AI, robotics, autonomous driving and unmanned aerial vehicles.

Three academics of the Chinese Academy of Engineering, professors from both China and overseas from industry leading universities have been invited to participate at the conference.

According to the organizer, more than 2,000 are expected to visit the event.