"AI is helping a lot to deal with unprecedented situations, situations where human experience cannot help," said Ehud Levy, managing partner at Canaan Partners Israel and venture partner at Lenovo Capital, adding AI is playing an increasingly important role in various sectors across the world.

Levy joined speakers at the 14th Vision China event organized by China Daily and the Information Office of Tianjin Municipal People's Government with the theme of "Intelligence New Era: Innovation, Energization and Ecology" broadcast online to a global audience on Tuesday night.

As a veteran investor, Levy pointed out that AI companies tend to have much higher valuations than other companies. "We also see that in our deal flow, about 90 percent are AI related," he said.

Public health authorities used AI to predict the spread of the disease. They also used AI to develop vaccines and model molecular structures that could result in effective drugs to treat the novel coronavirus, he added.