Artificial intelligence was a catchword at the Summer Davos forum in Dalian, Liaoning province, which concluded on Thursday. While participants from the academia, governments and the corporate sector had in-depth discussions on the future of AI technology at the three-day event, consultancy companies released reports highlighting the economic benefits of AI for China and the world at large.

Global GDP in 2030 will be 14 percent higher - an addition of $15.7 trillion - as a result of AI thanks to improving labor productivity and increasing consumer demand owing to the fast-paced application of AI technology, says a report by consultancy company PricewaterhouseCoopers, which was released on Tuesday on the sidelines of the Summer Davos forum or, officially, the Annual Meeting of the New Champions 2017.

And an Accenture report says AI could help China's economic growth accelerate to 7.9 percent from 6.3 percent by 2035, by "transforming the nature of work and opening new sources of value and growth".