The growth in China’s investment in artificial intelligence ventures over the past few years has been nothing less than explosive. China is now home to more ‘AI unicorns’ than anywhere else in the world (statistics differ greatly, but CB Insights counts six out of the top 11 unicorns in its top AI startups list, while some others put the count much higher).
According to ZDNet, China’s funding of AI startups grew from about $1 billion in 2016 to more than $8 billion in 2018, accounting for 44 percent of all global AI startup funding (with the U.S.’s accounting for 41%). However, investment in China AI ventures has slowed greatly compared to last year.
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by Carrington Malin
Carrington Malin is a UAE-based marketing and communications professional, consultant, entrepreneur and writer with many years experience of building brands, driving growth and leading high-performance teams. He has worked with a wide range of high-growth, technology and tech-driven ventures across ecommerce, consumer products, digital services, B2B, media, software, hardware and other sectors. These days he focuses mainly on emerging technology ventures related to artificial intelligence (AI), augmented reality (AR) / virtual reality (VR), blockchain, drones, Internet of Things (IoT), robotics and smart cities.