The future of China's AI industry is in the hands of just three companies

Baidu, Alibaba, and Tencent, the three Chinese tech giants loosely equivalent to Google, Amazon, and Facebook, are not just developing and deploying AI themselves. Their deep pockets have also funded a broad range of AI companies, focused on everything from smart cities to finance to education. Here is also an English translation of the article it originated in, courtesy of Jeffrey Ding, who writes the ChinAI newsletter.) It revealed that BAT invests in 53% of the nation's 190 major AI companies. This may not surprise those of you who closely follow China's AI ecosystem. Looked at one way, the landscape shows how intensely these companies are striving to outdo one another.