AI sector sees big investment, financing in 2017: report - Xinhua

China's artificial intelligence (AI) industry received about 180 billion yuan (28 billion U.S. dollars) of investment and financing last year, according to a recent report. Intelligent driving, big data and data service were among the main areas of investment, according to a report released by China Academy of Information and Communications Technology. China gained 28 new AI enterprises in 2017, compared with 128 new ones in 2016, the report said, adding that the fluctuation will not affect a long-term trend of growth. China's AI enterprises were mainly in Beijing, Shanghai and Guangdong last year. Beijing had the biggest number, with more than 260 AI enterprises.