China’s AI Ambition Gets A Reality Check As the USA Reclaims Top Spot in Global AI Investment
Summary
SINGAPORE--(BUSINESS WIRE)--A year removed from its ascension to the top in global Artificial Intelligence (AI) venture capital investment, China is now bumped back to second place by the resurgent United States. Top AI startups in the United States come from various sectors, including self-driving cars, industrial manufacturing, robotics process automation, data analytics, and cybersecurity. Favorable policies and flexible regulations in China, backed by a government willing to invest and deploy innovative technologies at scale, will certainly amplify AI adoption in the region. While the United States may be leading in investment in AI research and development, in the longer term, China will be able to capitalize on those technologies and bring them to the masses,” concluded Su. ABI Research provides strategic guidance to visionaries, delivering actionable intelligence on the transformative technologies that are dramatically reshaping industries, economies, and workforces across the world.
Funding
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