AI to create over 100,000 jobs in one Chinese province alone

Xinhua News Agency

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In one Chinese province, artificial intelligence (AI) appears to be

creating abundant jobs for humans, instead of stealing them, but only

for those in the know.

A senior official in Zhejiang Province, home to Alibaba, said Monday

that the province aims to hire more than 110,000 AI professionals in the

next five years.

Among them will be 50 world-leading AI experts, 500 scientific

entrepreneurs, and 1,000 development and research talent, said Yao

Zhiwen, deputy head of the organization department of the Communist

Party of China, Zhejiang provincial committee.

He said the provincial government would provide financial support to

entrepreneurs in AI and encourage universities to enroll more graduate

students on the subjects.

Zhejiang will set up a 1-billion-yuan (147 million U.S. dollars)

development fund and a 50-million-yuan investment fund to support AI

professionals and startups, Yao said.

China is in the midst of an AI boom with governments, research

institutes, tech firms, and entrepreneurs racing to be involved, betting

on the discipline to take the lead in economic growth and social

development.

Alibaba, Tencent, Baidu -- the top three Chinese tech firms -- are all investing heavily in AI research.

AI professionals are sought after across the country, but no other

local government has set such ambitious goals and offered such lucrative

incentives.

The province plans to build an AI industry worth 50 billion yuan in

three years. The industry clusters will be based in the provincial

capital of Hangzhou and economic powerhouse of Ningbo.

The official was speaking at a global AI forum, themed "the future is now," in Hangzhou Monday.

The conference was attended by both Chinese and foreign participants

including Turing Award Winner Cornell University Computer Science

Professor John Hopcroft and Yuval Noah Harari, author of the 2015 book

Homo Deus: A Brief History of Tomorrow.

Harari told the forum audience that robots would outperform humans in

many jobs and that we might no longer need taxis drivers or truck

drivers, among others, in the future.

Many jobs will be lost that we have to keep learning new things to

adapt to a changing world, he said. After 2040, the thing that remains

unchanged is change itself.