2018 Artificial Intelligence Trend: China's AI Corporate Financing exceeds US
Recently, a US venture capital company issued a report saying that China's artificial intelligence startups received nearly half of the world's investment last year, surpassing the United States for the first time.
According to the "2018 Artificial Intelligence Development Trend" report released by CB Ventures, in 2017, China's artificial intelligence start-ups accounted for 48% of the global total, up 10% higher than the US.
The report shows that the number of patents from China is significantly higher than the number of patents in the United States, with keywords such as “deep learning†and “artificial intelligenceâ€. Among them, the number of Chinese patents with “deep learning†as keywords is six times that of the United States.
According to the report, face recognition and artificial intelligence chips are two key areas for China to promote the development of artificial intelligence industry. Among them, companies such as Defiance Technology, Shangtang Technology and Yun Cong Technology are eye-catching in the field of face recognition. In the chip field, Chinese company Cambrian Technology released a self-developed machine learning processor, claiming that it will occupy 1 billion devices in the next three years.
The report also said that there are many interconnected areas in the field of artificial intelligence between China and the United States, such as Wuxi WuXi PharmaTech, which specializes in genetic analysis, and Xiaoma Zhixing, which specializes in driverless technology, in both China and the United States. Operation has promoted communication and cooperation in related fields between the two countries.
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