Half of world's top AI unicorns come from China - Headlines, features, photo and videos from ecns.cn china news chinanews ecns

Robotic arms prepare dishes at a hot pot restaurant in Beijing, capital of China, Dec. 5, 2018. 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. SenseTime took the top spot with a valuation of 4.5 billion U.S. dollars, followed by Yitu Technology at 2.3 billion U.S. dollars and smaller unicorns 4Paradigm, Horizon Robotics and Momenta. 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.