Chinese IoT startup Tuya Smart has completed its Series C funding with nearly US$200 million, led by Future Fund, NEA, China Broadband Capital, Quadrille Capital and C.M.Capital. The company will apply the funds to its AI+IoT, Smart City, Smart Business and Smart Home technologies.
Xilinx, the world’s leading designer and supplier of programmable logic devices, today announced its acquisition of DeePhi Tech — a Beijing-based chip startup with a focus on machine learning, specializing in deep compression, pruning, and system-level optimization for neural networks.
The country is aiming to build the world’s top hub for AI innovations and talents, and yesterday, prestigious Tsinghua University issued a progress report. The 2018 China Artificial Intelligence Development Report provides an insightful, data-intensive overview of the current status of AI in China.
A business data search firm is bombarding China’s subways and business centres with ads. TianYanCha — literally SkyEye Search — has become the “go to” source for governments, consulting agencies, legal service providers, and media outlets who want to perform comprehensive business background checks.
China’s prestigious Tsinghua University is opening a dedicated AI research centre. The Tsinghua University Institute for Artificial Intelligence will be led by Dean Bo Zhang (张钹) of the Chinese Academy of Sciences, and Tsinghua Director of Academic Committee Andrew Chi-Chih Yao (姚期智), a Turing Award Laureate. The announcement was made at today’s Tsinghua-Google AI Symposium in Beijing.
The Tencent Academic and Industrial Conference (TAIC) will be held in Stockholm, Sweden on July 14th, gathering top AI researchers and young professionals from around the world. Synced is organizing the conference, where Tencent’s seven core business groups and invited academics and industry professionals will share insights on the current state of AI technologies.
Suzhou City-based AI and speech technology company AISpeech announced today it had raised CN¥500 million (US$76 million) in Series D Funding led by Oriza Holdings and China Minsheng Investment Group. Chinese media reports the company is also planning an IPO on a local stock exchange.
Cainiao, the logistics arm of leading Chinese e-commerce platform Alibaba Group, hosted the 2018 Global Smart Logistics Summit (GSLS) in Hangzhou on May 31st. Speaking at the event, Alibaba founder and executive chairman Jack Ma called for tens of billions of US dollars in investment to build a national internet-based intelligent logistics backbone in China.
Cambricon Technologies announced today that it has secured hundreds of million dollars in its Series B funding round, with investments from China’s State-owned Capital Venture, SDIC Venture Capital, China Capital Investment Group, TCL Capital, CITIC Securities, Alibaba VC, Lenovo Capital & Incubator Group and others.
At the Computing Conference 2018 Shanghai Summit today, Alibaba Cloud announced the launch of its AI program ET Agricultural Brain, a step towards the interactive automation of pig farming, aiming at continuously embedding AI technologies into modern agriculture.
Suzhou-based Ecovacs Robotics debuted on the Shanghai Stock Exchange today. The floor sweeping and window cleaning robot company issued 40.1 million shares at US $3.13 per share, and plans to use the funds raised via its IPO to produce four million home service robots, build an IoT ecosystem, and expand into the global market.
Chinese media is reporting that Baidu will launch a series of self-driving delivery tests in cooperation with Meituan-Dianping, a group-buying service for local food and retail businesses. The first tests will take place in Xiongan, about 100 kilometres southwest of Beijing…
A phrase that’s cropping up a lot in Chinese media these days is “National AI Team (人工智能国家队).” While this may suggest a squad of scientists heading off to some sort of AI Olympics, it rather refers to a new class of AI companies that are either backed by national institutes or closely integrated into government-funded programs.
Chinese State media People’s Daily recently reported the country is facing a shortage of five million AI talents.
A separate LinkedIn survey revealed that while there are some 1.9 million AI engineers worldwide, about one million reside in the US while China is home to just 50,000.
China’s computer vision company SenseTime today announced it had raised a staggering US$600 million in Series C funding, setting a world record for an AI company and bringing its value to an estimated US$4.5 billion to make it the world’s most valued AI startup.