COMB announces a $77M fund to help AI startups enter China

Artificial intelligence is a hot topic in the tech industry with China -- alongside the U.S. -- emerging as a key market for talent, innovation and companies. While many AI firms head to the U.S. or set up operations Stateside, China is a harder market to crack for overseas companies. That's where a new fund wants to help. China-based accelerator firm COMB is launching a €65 million ($77 million) fund aimed at helping promising international AI firms enter the Middle Kingdom. The fund, which was announced at Slush in Helsinki this week, is run by COMB and the Beijing Institute of Collaborative Innovation (BICI).