China dominates global funding of AI startups

The most intuitive application of artificial intelligence technology is to bring convenience to our daily lives. So far, the world has seen a multitude of intelligent voice-activated assistants that book hotels, handle logistics, incorporate face recognition technology and enable cars to drive autonomously.

The number of new AI companies has grown rapidly in recent years and China ranks second in the global market with close to 1,500 AI companies across the country. No wonder French newspaper "Le Monde" published an article saying that artificial intelligence's "Silicon Valley" will develop in China.

In addition to investing heavily in artificial intelligence talent, major companies have also started an acquisition frenzy of artificial intelligence startups. CB Insights reported that China has now overtaken the U.S. in AI startup funding in 2017, with an equity funding share of 48 percent of the global total.