China now has more than 430,000 AI-related companies
The peak year for such company registrations is 2020, with 172,000 new companies, and 153,000 new companies in the first half of this year, up 150.8 percent year-on-year.
China ranks first in AI patent applications, 7.2 times more than US
China's AI patent applications amounted to 389,571, accounting for about 74.7 percent of global applications.
Chinese AI firm iFlytek says it aims to give financial freedom to every hard-working employee
Chinese AI company iFlytek said its goal is to realize its goal in the industry, in which it hopes to bring financial freedom to every hard-working employee and to contribute to the country.
ZTE exec says AI reduces energy consumption by 20% for 5G and 4G networks
ZTE showcased a series of industry-leading 5G innovations.
Cambricon poised to break NVIDIA's monopoly in China, analysts say
China's top investment bank CICC said Cambricon, one of China's most valuable artificial intelligence chipmakers is a leading global AI chip design company that is poised to break NVIDIA's monopoly in the domestic market on the back of rising demand for semiconductor import substitution.
China's largest AI firm SenseTime said to plan dual listing in HK and mainland
China’s largest AI firm SenseTime is exploring a dual listing in Hong Kong and the Chinese mainland as it closes in on $1.5 billion of pre-IPO financing, Bloomberg reported Thursday citing people familiar with the matter.
Alibaba DAMO Academy upgrades remote sensing AI for flood control
At the time of flooding in many parts of China, DAMO Academy, Alibaba's research and innovation institute, urgently upgraded its remote sensing AI technology and developed water body recognition algorithms for flood control to support the Ministry of Water Resources' monitoring and analysis.
Chinese AI start-up SenseTime said to plan IPO on Shanghai's Nasdaq-style market
Chinese artificial intelligence (AI) start-up SenseTime is considering an initial public offering (IPO) on China's Nasdaq-style sci-tech innovation board, also known as the STAR market , Reuters reported Friday citing three people with knowledge of the matter.
Chinese AI company Megvii applies for patent for dog face recognition
Chinese artificial intelligence company Megvii Technology, which is on a U.S. blacklist, has recently added a number of new patents, one of which is for dog face recognition.
Cambricon goes public, becoming first AI chip firm in China's A-share market
On July 20, China's most valuable AI chip start-ups Cambricon Technologies went public on China's SSE Star Market, becoming the first AI chip stock in the A-share market.