Megvii Inc., the Chinese developer of facial recognition system Face++, is said to be raising at least $600 million from investors including Alibaba Group Holding Ltd. and Boyu Capital, according to media reports.
Chinese artificial intelligence chip maker Cambricon Technologies Corp Ltd. has raised a series B round worth several hundreds of millions of U.S. dollars led by SDIC Venture Capital, a subsidiary of state-owned investment holding group China Reform Holdings Corp Ltd, China State-owned Capital Venture Investment Fund and its sub-fund Guoxin Qidi Fund.
Social media giant Facebook Inc has admitted that it shares user data with at least four Chinese companies, including Huawei Technologies Co., Ltd., the Chinese telecommunications company whose products are deemed a security threat by the U.S. government, according to a New York Times report.
Taiwanese smartphone maker HTC has unveiled its newest phone, the HTC Exodus, in the first phone made by a major brand dedicated to blockchain encryption, the firm announced at the Consensus 2018 blockchain conference in New York.
Adrian Cheng Chi-kong, Hong Kong mall operator and heir to the billionaire Cheng Yu-tung, has made a RMB100 million (US$15.7 million) strategic investment in Aibee, an artificial intelligence solutions provider.
Chinese artificial intelligence chip maker Cambricon Technologies Corp Ltd has unveiled two new products, a cloud-based smart chip Cambricon MLU100 and a new version of its AI processor IP product Cambricon 1M, at a launching event in Shanghai on May 3rd.
Chinese smartphone and electronics brand Xiaomi is in talks to increase its stake in Indian financial technology start-up Zest-Money, according to Indian media reports. Xiaomi has previously said it intends to invest up to US$100 billion in Indian start-ups.
Several major Chinese smartphone makers are planning or have announced the release of "blockchain smartphones". They are the latest group of firms joining the current cryptocurrency frenzy.
Chinese Premier Li Keqiang’s took to the stage at the annual gathering of Chinese People’s Political Consultative Conference (CPPCC) members and laid out a vision of the Chinese economy based on artificial intelligence. Corporate China also joint in the AI chorus.
Entrepreneurship has never been more popular in China, or apparently with the Communist Party. After President Xi Jinping encouraged entrepreneurship at the 19th Congress of Communist Party last October, more tech entrepreneurs have been selected as Chinese People’s Political Consultative Conference (CPPCC) members, the nation’s most powerful political advisory body.
Chinese billionaire Cai Wensheng, founder of photo touch-up app and smartphone maker Meitu and a well-known angel investor, said in a recent online chat group that he believes blockchain is the biggest bubble the world has ever seen, and missing it would be the biggest mistake anyone can make.
The growth story of the world’s largest smartphone market, China, came to an end as annual shipments in 2017 declined 4% to 459 million units, according to technology market analyst firm Canalys.
Five Chinese smartphone makers, together controlling over half of the country’s smartphone market, expressed concerns about semiconductor giant Broadcom Ltd’s US$105 billion bid for Qualcomm Inc, saying the acquisition, if completed, will create a monopoly for the smartphone chips market and hinder innovation.
Chinese smartphone maker Xiaomi Inc. surpassed South Korea’s Samsung Group as the top seller of smartphones in India for the first time in the fourth quarter of 2017. During the period, Xiaomi shipped close to 8.2 million units in India, up 170% year-on-year, while Samsung shipped just over 7.3 million units, up 17% year-on-year. Samsung had been the top seller in India for six years. Together, the two companies command more than 50% of the smartphone market in the country, with …
Lenovo Group Ltd. has teamed up with China Electronics Standardization Institution to launch an Industrial Big Data Application Alliance to support the utilization of industrial big data.
Chinese Internet giant Tencent Holdings Ltd. has led a new funding round worth over US$1 billion in NIO, a Shanghai-based electric vehicle company founded by a top Chinese automobile executive.
China’s CITIC Capital, Haier Capital, Lenovo Holdings Corp and Legend Capital have led a nearly RMB700 million (US$105 million) series C round in Phoenix Travel Worldwide Co., Ltd., an overseas travel agency.
China’s artificial intelligence chip maker Cambricon Technologies Corporation Ltd. aims to have one billion smart devices using its AI processor and own 30% of China’s high-performance AI chip market in three years, the company said at its first product launch in Beijing on Monday.
Chinese facial recognition start-up Face++ has announced that Andrew Chi-Chih Yao, the first Chinese recipient of the Turing Award, will join the firm’s newly established academic committee as principal advisor.
Chinese facial recognition firm Face++ has raised US$460 million in a series C round led by China State-Owned Assets Venture Investment Fund, with Ant Financial and Foxconn Technology Group participating, setting a new VC financing record for AI companies globally.
U.S. investment firm Tiger Global Management LLC and China’s Genesis Capital have led a US$230 million series C+ round in MissFresh, a Chinese fresh produce e-commerce platform in China backed by Tencent Holdings and other investors.
Taiwanese computer maker AsusTek Computer Inc., better known as ASUS, is partnering with Silicon Valley-based Fenox Venture Capital to launch a US$50 million venture fund to help U.S. technology start-ups expand to China.
Chinese venture capital firm GSR Ventures and Gobi Partners have joined a RMB35 million (US$5 million) series A round in DeepBrain, a four-month old business providing AI and blockchain-based SaaS solutions to Internet of Things (IoT) hardware manufacturers and app developers.
SDIC Chuangye Investment Management, a subsidiary of State Development & Investment Corp, has led a US$100 million series A round in Cambricon Technologies Co., Ltd., an artificial intelligence chip developer.
Lenovo Capital and the Incubator Group have led a RMB50 million (US$7 million) pre-A round in Tianjin YangTian Technology Co., a Chinese industrial robotic arm developer supplying manufacturers in China.
Lenovo Capital and Incubator Group have led a pre-A round worth tens of millions of RMB in Beijing NED+AR Display Technology Co., Ltd., a supplier of optical modules for augmented reality glasses.
T2 Cloud, a Beijing-based cloud solutions provider, has raised a series B round investment of nearly RMB100 million (US$14 million).
Matrix Partners China has led a nearly RMB100 million (US$14 million) series B round in SmartX, a Beijing-based hyper-converged infrastructure product developer.
Chinese venture capital firm Joy Capital has led a RMB700 million (US$105 million) series D round in Shopex, a Shanghai-based e-commerce software and services provider.
SHANGHAI, July 22, 2017 /PRNewswire/ — The Tech World Event of Lenovo was held in Shanghai on July 20th, 2017. AI played the biggest role this year. Turing Robot serves as the voice assistant of Lenovo’s latest Concept home device Smart Cast+ which was quite remarkable at the event.
In recent years, intelligent home devices are seeing more and more adoptions. Major companies are producing these products, such as Amazon‘s Echo and Google‘s Google Home. In mid 2017, Apple also published its home device with Siri inside called Home Pod. Compared to the extreme competition overseas, the home devices industry in China seems a little bit quiet. Xiaomi, JD, Baidu and Alibaba all have sold similar products.
For the home device industry in and outside of China, the one difficulty they all face is the immature intelligent home furnishing ecosystem. To stay competitive in the market, voice interface is the key, as it weighs the most in the experience and intelligence level of a home device. Take Echo for example, in 2014, when Echo made its first appearance, its relatively poor function didn’t get Amazon much applause. But then things changed when Alexa joined the game.
Early this year, Lenovo released a home device that looked a lot like Echo, which had both an English and Chinese version. Its English version used Alexa as Echo did, and the Chinese version was provided by Lenovo Academy. But this time with Smart Cast+, not only its appearance is more creative, but also its Chinese voice assistant was provided by Turing Robot.
Turing Robot has abundant data resources in the areas of voice assistant. Early in 2012, Turing Robot launched an app called Wormhole, a voice assistant app, announced its stepping into the war of voice assistant. Recently, Turing Robot‘s open platform has over 600,000 enterprises and developers, which made Turing Robot the world’s biggest open platform for a chat bot. The large data storage that Turing Robot possesses guarantees Smart Cast+’s experience at its voice interface level.
Having Turing Robot as its voice assistant, Smart Cast’s users can "wake up" SmartCast+ by saying "Hello, Lenovo" and find songs and movies using their voices. Users can also search for information such as weather forecast, stories, encyclopedias, FAQ and so on. Turing Robot not only plays the role of voice assistant, but works more like an operating system.
SmartCast+ is a smart speaker with projection, plus the function of object recognition and AR interaction. This means users can not only talk to it, but also touch the screen projected on the desk, just like the way you interact with a tablet.
Presently, SmartCast+ is no more than a concept product, its release is still pending. Can Lenovo and Turing Robot can copy the success of Amazon and Alexa? Let’s wait and see.
It seems that every technology company in China wants to be an artificial intelligence firm. The latest to join the club is Lenovo Group Ltd., until recently the world’s largest personal computer maker.