China’s AI ambitions, and ours
China is building data exchanges to facilitate the buying and selling of datasets, which can be used to train artificial intelligence models. The country's data economy is estimated to exceed $1 trillion by the end of the decade, with over 20 government-backed data exchanges already opened across Chinese cities.
China is creating data exchanges in cities like Shanghai and Shenzhen. These marketplaces allow companies, universities, and government agencies to buy and sell datasets. The datasets include industrial production records, logistics flows, and medical images. China's data economy could exceed $1 trillion by the end of the decade. The country has opened over 20 government-backed data exchanges in the past two years. The Shanghai Data Exchange lists hundreds of tradable datasets. China's strategy is to turn everyday information into training material for artificial intelligence.
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