From the Financial Times today. (Possible Paywall)
A couple of extracts beloe, especially interesting is the reference to the number of US $1bn+ valued private AI startups in China.
China AI start-ups surge forward with $30bn funding since 2016
"Fundraising by Chinese artificial intelligence start-ups has increased rapidly since the Beijing government announced an AI drive in 2016, according to a report compiled by the Chinese tech news portal 36Kr.China is an AI powerhouse comparable to the US, and the report shows that this is due to its homegrown start-ups.Unlisted companies alone have raised Rmb203.7bn ($30bn) since 2016, according to a 2020 report on the development of AI in China, which was compiled by the research unit of 36Kr Holdings. Nikkei announced a partnership with 36Kr in May 2019."
"It is said that there were nearly 100 unicorns — privately held businesses with valuations of at least $1bn — in China, and that most of them were AI start-ups. The report details the fundraising by individual start-ups"
From the Financial Times today. (Possible Paywall)A couple of...
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