Horizons Ventures backs AI startup Fano Labs in first Hong Kong investment

Horizons Ventures, the VC firm founded by Hong Kong's richest man Li Ka-Shing, has made a rare early-stage investment after it backed AI startup Fano Labs. Horizons has invested in the likes of Facebook, Razer, Slack, Improbable, Spotify and more, and now it is putting undisclosed money into Fano Labs, which recently graduated AI accelerator program Zeroth. This deal also marks the firm's first investment in a Hong Kong-based company. Founded by academics, Fano Labs uses speech recognition and natural language processing to help out at call centers. No, the robots are taking those jobs (yet) but they are helping call centers themselves to run more efficiently.