19Dec
ai companies in china
By: Hp Creative Space On: December 19, 2017

Artificial Intelligence in China Today:

In the world of computers, Artificial Intelligence is not a new term, AI was first introduced as a research field in 1956 at Dartmouth College. In today’s world, Artificial intelligence has now become a trending term and it has now become a matter to compete between the nations, all the developed and technologically advanced nation are in the race to grab the opportunity to rule the field of AI.

According to Forbes, China is behind the leader in AI USA in terms of investments in the field of AI, with over $2.5 billion investment in this field, in different sectors of the Chinese market. The amount of AI patents grew by 190% over a five year period. The leaders in China see AI essential for their continued economic growth. By 2020 Chinese AI investment expect to grow by $9 billion. China expects to rule the field of AI globally by 2030 that’s why aggressive targets have been set.

In terms of investment, these are the top 10 companies in China. iCarbonX, Face++, Cloudminds, Ubtech, SenseTime, Roobo, Unisound, Mobvoi, Appier, AIspeech.

iCarbonX

(https://www.icarbonx.com/en/)
It is an AI company in Shenzen, China currently focused on the Healthcare sector with the valuation of over $1B, it was founded in 2015 by a Chinese scientist Jun Wang, currently the CEO as well. At the time of his Ph.D. in Peking University, Wang founded a bioinformatics group which leads China’s contribution to sequence 1% of the Human Genome Project. In 2015, Wang left BGI to focus on the development of artificial intelligence as he believes that machine learning could do something big for people’s health.

Megvii Face++

(https://www.faceplusplus.com/)(https://megvii.com/)
An internet startup primarily focused on operating a face recognition cloud services. This startup was founded in 2011 by Qi Yin and Wenbin Tang. It is an AI company in Beijing. The company has a fund of around $147M. Qi Yin obtained his bachelor’s degree in engineering from Tsinghua University and a Ph.D. in computer science from Columbia University in the City of New York. He was also a former researcher at Microsoft.

Cloudminds

(https://www.en.cloudminds.com)
The first cloud robot operator that builds the platform and services to make robots connect and learn possible. With the tendency that each household will own a robot by 2025, the company determines to develop technology in AI, Robotic control etc. It is backed by SoftBank, Foxconn, Walden Venture Investments and Keytone Ventures. It was founded by Bill Huang in 2015 and It is an AI company in Beijing, China.

UBTECH

(https://www.ubtrobot.com)
Founded in 2012, UBTECH is a global leading AI and humanoid robotic company. Since 2008, UBTECH has successfully developed consumer humanoid robots, robots for business use and Jimu robot after breakthroughs made in digital servos, the core part of humanoid robots. In 2016, UBTECH Robotics has surpassed $1 billion valuations. This AI company in Shenzhen, China and was founded by Zhou Jian.

SenseTime

(https://www.sensetime.com/)
A Chinese deep learning startup. Recently it has partnered with Qualcomm to jointly promote AI. According to the company website, it provides service to companies like Nvidia, Honda, Huawei, Xiaomi, Oppo, Panda.Tv etc. In July 2017, the company announced the completion of the $ 410 million Series B round of financing which led its valuation to more than 2 billion US dollars. It was founded by Xiaolan Xu in 2014, it is an AI company in Hong Kong.

ROOBO

(http://www.roobo.com)
Provides a complete AI system solution for household electric appliances, automobiles, robots and other industries, as well as comprehensive technical support for the development of AI-related industries. This startup founded by Bruce Liu in 2014, it is an AI company in Chaoyang, China. According to the company website the operates in US, Russia, Korea and China.

Unisound

(www.unisound.com/)
A Chinese mobile internet startup focused on intelligent voice, speech processing technologies and cloud machine learning. It is an AI company in Beijing, China and was founded by Jiaen Liang in 2012. The company claims to have offered services to Lenovo, Haier, Huawei, Xiaomi, Qualcomm etc. Liang graduated from the University of Science and Technology of China. He also worked as a researcher at the Automatization Institute of Chinese Academy of Sciences.

Mobvoi

(https://www.mobvoi.com/)
The only company in China that offers voice recognition, semantic analysis, and search technologies. It has raised 6 rounds of funding, led by firms including SIG, Sequoia Capital, Zhenfund, Google, and Volkswagen. It was founded by ex-googler Zhifei Li in 2012, it is an AI company in Beijing, China. According to his LinkedIn profile, he was a Microsoft Research intern and Project Manager in China MobileSoft before starting Mobvoi. He did his Ph.D. from The Johns Hopkins University in Machine Learning. Recently the company has launched $200 Android smartwatch.

Appier

(https://www.appier.com/)
It was founded by Chih-Han Yu and Winnie Lee in 2012, it is an AI company in Taipei, Taiwan. The company aims to provide marketing solution to business using artificial intelligence platform. Han did his Ph.D. from Harvard University and Masters from Stanford University. He worked on iconic AI projects such as Stanford’s DARPA Challenge self-driving car and Little Dog before leaving academia. The company claims to have raised over US$82 M in total funding from groups like Sequoia Capital, Softbank Group etc.

Ai Speech

(cn.aispeech.com)
It is another start-up specialized in computer speech recognition, analysis. It was founded by Yu Kai and Yuan Dong Lin in 2008, it is an AI company in Zhejiang, China. AISpeech has taken in $45 million in funding so far. Yu-Kai did his Doctor of Engineering from University of Cambridge, He has been the chairman of the Dialogue or Speech Processing Department at international conferences such as InterSpeech on numerous occasions and has won many international reviews and contests such as the U.S. Department of Defense, the Large Scale Speech Recognition Evaluation organized by the U.S. National Bureau of Standards.

Recently, investment bank Goldman Sachs issued a report saying China has emerged as a major global contender in using AI to drive economic progress. According to Goldman, the companies to watch out for in China’s drive for AI are the big three internet giants — Baidu, Alibaba, and Tencent. On the other hand, Jack Ma(founder of Alibaba) said that artificial intelligence and other technologies will cause people “more pain than happiness” over the next three decades.

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