Half of World's Top AI Unicorns Come from China

Half of World's Top AI Unicorns Come from China


Six of the 11 artificial intelligence (AI) startups that are considered to be unicorns – which means to have a value of one billion U.S. dollars or above – come from China, according to CB Insights, a research firm that tracks venture capital and startups. The annual report published by CB Insights compiles a list of 100 of the most promising private companies. The selection is based on several factors, including patent activity, investor profile and market potential. From emerging startups to established unicorns, the cohort is a mix of startups in different stages of funding and product commercialization. Twenty-three startups on the list are headquartered outside the U.S., including six each from China, Israel, and the United Kingdom. China accounted for 17 of the top 20 academic institutions involved in patenting AI and was particularly strong in the fast-growing area of “deep learning” – a machine-learning technique that includes speech recognition systems. China and the United States are ahead of the global competition to dominate AI, according to a study by the UN World Intellectual Property Organization (WIPO) published January.

Source: Ecns.cn

People watch

It is lucky for Chen Jun to began his career in the IP industry 14 years ago when the first group of IP managers for businesses appeared on the stage in China and he has been in the industry.

It was this “Whampoa Military Academy” for IP that educated China’s first batch of corporate IP management personnel. Many of these engineers left Foxconn in the years since.