New | Alphabet soup is the top draw on China’s 2017 technology menu
AI, IoT, AoT, AR and VR are the must haves in China’s 2017 technology portfolio
AI, IoT, AoT, AR and VR. Have these acronyms ever confused, or annoyed you over the past year?
This alphabet soup will stick around, as new technology remains at the forefront of 2017’s investment opportunities.
Even before AlphaGo’s victory over a human Go master captured the world’s attention in March and pushed AI into the public consciousness, Chinese internet companies have already been making big bets on artificial intelligence.
China’s AI investments in the first half of 2016 surged 43 per cent to US$600 million, compared with the same period in 2015, according to a study by news portal NetEase and the Wuzhen Institute, a state think tank.
Baidu Inc, China’s dominant internet search engine, established a Deep Learning Lab in 2014 headed by Stanford University’s adjunct professor Andrew Ng, who published more than 100 academic papers in machine larning and deep learning. The lab is the brain power behind Baidu’s autonomous vehicles, and is entering its AI bot as a contestant in China’s popular game show Super Brain to solve problems.
