China's powerhouses focus on AI to surpass the US

This story was delivered to BI Intelligence Apps and Platforms Briefing subscribers. To learn more and subscribe, please click here. Chinese tech giants are increasing their artificial intelligence (AI) investments as they vie to stay competitive in the burgeoning space, according to South China Morning Post. China is the world's second-largest investor in AI after the US -- 66% of AI investments in 2016 were in US-based companies. And although investments in Chinese companies are growing quickly, they still fall behind, making up just 17% of AI investments, according to McKinsey.