Xinhua on December 9, quoted the latest report by Bloomberg Intelligence (BI) saying that China's core AI industry could exceed US$ 145 bn by 2030 with that of AI-enabled industries more than 10 trillion yuan. Titled "China's great tech leap forward", the report said that China's push to commercialize AI technologies, supported by the rollout of the world's biggest 5G network, could position the country as a global leader for technology and innovation. The report said "Based on the growth trajectory in the past decade, China may overtake the U.S. in global technology-patents share by 2025". AI-related industries may exceed 6 percent of China's GDP by 2030. According to Tsinghua University, private funding for Chinese AI-related companies in 2017 totaled 27.7 billion dollars, equivalent to 70 percent of global investments in the industry. Data showed China's cumulative venture-capital investments in AI startups had already caught up with the United States by 2016.