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  • Date of publication: 31 August 2020
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  • businessbuysale.com
  • China went around the US to raise funds in AI startups

    Synopsis

    The volume of investments in startups that deal with artificial intelligence was $ 15.2 billion last year. Almost half of this amount was attracted by Chinese start-ups. In terms of investment, AI start-ups from China bypassed competitors from the US, acc

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The volume of investments in startups that deal with artificial intelligence was $ 15.2 billion last year. Almost half of this amount was attracted by Chinese start-ups. In terms of investment, AI start-ups from China bypassed competitors from the US, according to a study by CB Insights.

 

In total, China accounted for $ 7.3 billion of investment in AI start-ups, and American start-ups attracted 38% of the total ($ 5.78 billion). The PRC for the first time outstripped the US in terms of funding. Total investment in startups last year increased by 141% in annual terms. And by the end of 2017, there were 1,1 thousand new AI start-ups, MIT Technology Review notes .

The United States is still ahead of China in terms of the number of startups working on artificial intelligence. However, US companies began to lose ground on the number of transactions. So, in 2013, they accounted for 77% of transactions, and in 2017 this figure reached 50%.

In January, it became known that scientists of the Internet retailer Alibaba developed the technology of artificial intelligence, which won the man in the tests for reading and understanding the text from Stanford University.

And according to the estimates of the consulting company PwC, already in 2030 the introduction of artificial intelligence technology will give the world GDP $ 15.7 trillion (an increase of 14%).

 

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