Chinese online streaming service iQiyi says A.I. has enhanced efficiency throughout its business

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Wang Xuepu, vice president of Chinese online video streaming company iQiyi told CNBC on Tuesday that artificial intelligence has enhanced the companys efficiency in all aspects of the business. "Now we can cut thousands of hours of work to just hours," Wang said in Mandarin at CNBCs East Tech West conference in the Nansha district of Guangzhou, China. He said that the company is using AI across its business like adding subtitles or integrating multimedia more quickly. Wang added AI has increased efficiency in the companys operations in many ways, including content creation, approval processes and market distribution. More than 60% of our patent submissions this year were related AI," said Wang.

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