Li Kaifu, chairman and CEO of Sinovation Ventures, said Thursday that China may overtake the United States in several artificial intelligence segments in the next five years.

The development of AI can be categorized into four waves: AI led by internet giants, AI used to commercialize industries rich in big data like banks, AI based on sensors like visual sensors, and AI-enabled automated technologies, Li said at the 2018 Global Mobile Internet Conference.

The world's two largest economies will lead the sector in general, while China may surpass the US in three waves, except for the commercial one, in the next five years, he said.