Chinese Artificial Intelligence Robot Passes National Medical Exam For First Time

An artificial intelligence enabled robot has passed the written test of China’s national medical licensing examination for the first time, marking another milestone in the quest for AI technology to match or surpass human intelligence. Named Xiaoyi, the robot developed by Tsinghua University and Chinese information technology firm iFlytek, achieved a score of 456, 96 points higher than the required mark of 360 points, according to a company announcement.

China Artificial Intelligence Firm iFlytek Plans $150M Fund To Support Startups

Chinese artificial intelligence company, iFlytek Co Ltd., best known for its voice-recognition technology, will set up a RMB1.024 billion (US$150 million) fund to support an ecosystem of software and hardware startups across China. The move is part of the company’s push to accelerate the use of AI in consumer electronics, healthcare and other industries. The announcement, made at the company’s first Developer Festival at its Hefei headquarter on October 24, and confirmed via email to China Money Network, comes after …

Ken Xu Of Gobi Partners Sees Trillion-Dollar Market In China’s 2B Artificial Intelligence Sector

In this episode of China Money Podcast, Gobi Partners managing partner Ken Xu speaks to our host Nina Xiang. Xu discusses what he sees as the next technology frontier markets in China, and how Gobi is investing in the artificial intelligence, Internet of Things (IoT) and new infrastructure-themed industries.   You can read a Q&A and watch a short video of the interview. Don’t forget to subscribe to China Money Podcast for free in the iTunes store, or subscribe to …

China May Own More Artificial Intelligence Patents Than US By Year-End

China and the United States are both artificial intelligence superpowers. But China may soon be the clear leader, at least in terms of AI patents filed. The U.S. currently has more, with 35,508 AI patents, versus 34,345 for China. But as Chinese companies and scientists are filing AI patents at a faster pace, the nation is likely to hold more AI patents than the U.S. by year end, according to a report by Sequoia Capital China and Zhen Fund.

Chinese Machine Vision Firm Yi+ Raises $14M Round

Yi+, a Chinese artificial intelligence start-up developing machine vision technology for content marketing, has raised a RMB100 million (US$14 million) series B round from Haitong Securities, financial services company Bairongjun Group and The Bank of Beijing.

Baidu, Beijing Airport Launch Facial Recognition For Passenger Check-In

Following in the footsteps of the U.K. and U.S., China is applying artificial intelligence technology to airport security. Internet giant Baidu Inc. yesterday singed a strategic cooperation agreement with Beijing Capital International Airport to jointly develop a facial recognition system for verifying the identity of passengers.

Tencent Capitalizes On Massive User Data To Achieve AI Dominance

Chinese Internet giant Tencent Holdings Ltd. has a reputation for cautiously following in the footsteps of others in new businesses segments, then quietly outsmarting the first-movers. The company looks to be using the same strategy in the field of artificial intelligence (AI). So while rival Baidu Inc. has proclaimed itself an AI company, along with numerous other Chinese companies, Tencent is working behind the scenes to become a leader in the field.