China Tech Digest: Global AI Software Market Will Reach $62B In 2022; BlueFocus To Launch Virtual Human

Gartner: Global AI software market will reach US$62 billion in 2022

Gartner predicts that the total revenue of global artificial intelligence (AI) software market is expected to reach US$62.5 billion in 2022, an increase of 21.3% compared to 2021. The five fields with the highest spending on AI software in 2022 will be knowledge management, virtual assistant, autonomous driving, digital workplace, and crowdsourced database.

MIIT promotes construction of digital workshop and intelligent factory in key equipment areas

Recently, the Ministry of Industry and Information Technology issued the "Fourteenth Five-Year Plan for the Deep Integration of Informatization and Industrialization". The plan proposes to construct digital workshops and intelligent factories around key equipment fields such as machinery, automobiles, aviation, aerospace, ships, weapons, electronics, and electric power, build a digital twin system for the full life cycle of equipment, promote large-scale application of model-based system engineering (MBSE), and realize the predictive maintenance and health management of equipment based on the industrial Internet platform.

BlueFocus will launch virtual human at the end of this year or early next year

Chinese PR company BlueFocus disclosed that the virtual human with the company’s own intellectual property right will be launched at the end of this year or early next year; at the same time, the company will launch more virtual human images (IP) and promote more virtual space/scene applications, further improve the operational strategy of virtual human and virtual space.

POCT diagnostic company Ustar completes RMB300 million series E+ round

Hangzhou-based molecular POCT diagnostic solution provider Ustar has completed a RMB300 million series E+ round of financing led by CITIC PE and participated from existing investors Oriental Fortune Capital. Proceeds will continue to be used to increase the production capacity of the core product EasyNat, a high-throughput nucleic acid amplification platform, the mass production of nucleic acid self-test platform and the development of next-generation testing platforms.

Vision sensor developer Entron Technology raises more than RMB100 million

Entron Technology, a Shanghai-based unmanned machine vision sensor solution developer, has recently raised more than RMB100 million in series A round of financing, co-led by Yingke Investment and Innovator Capital. This round of financing will be used to strengthen Entron’s existing product lines in the field of visual sensing, enhance technical support and business marketing in the European and American markets, and improve the production system and capabilities of in-vehicle products.

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