Cheetah Mobile Eyes Artificial Intelligence With US 50M Investment - TechNode

Although the game between AlphaGo AI and legendary chess master Lee Sedol ended over a month ago, the event's influence is opening doors for companies seeking to explain the significance of AI technology. Fu Sheng, CEO Cheetah Mobile who predicted Lee would win the game, is one of them. At the company's global media conference held Tuesday, Fu announced that Cheetah Mobile, the Beijing-based startup best known for its utility apps, is going to open a robotics division with a 50 million USD investment designated for artificial intelligence development. Fu says he is going to lead the team himself. "AI technology is maturing and there's no doubt that human labor is going to be replaced by robots", he said, adding that deep learning and AI will offer a chance to bypass competitors and disrupt the industry landscape.