China is the New Leader of AI Venture Capital Investment

It might come as a surprising fact that there are presently 14 Chinese AI organizations valued at $1 billion. These unicorns worth consolidated comes to $40.5 billion, as per a report China Money Network released during the World Economic Forum's Summer Davos gathering in Beijing. Just to place these numbers in context. Google purchased DeepMind for over $500 million in 2014. Chinese voice recognition giant iFlytek Co. has a market capitalization of 63 billion yuan ($9.2 billion).