Chinese startups are not shying away from adopting new technologies like facial recognition, artificial intelligence and virtual reality, and there has never been a more exciting time for the country’s AI startup ecosystem.
A recent research by New York-based market advisory firm ABI Research has found that Chinese AI startups raised $5 billion in venture capital funding in 2017 and overtook their US counterparts. The study, which was released on August 27, shows that investors are confident with the technologies developed by Chinese startups, their business strategies, and market potential. Read more
Source :Entrepreneur