A staff member displays a DJI Phantom 3 4K drone during CES (Consumer Electronics Show) in Las Vegas, Nevada. It may come as a surprising fact that there are now 14 Chinese AI companies valued at $1 billion or more. These unicorns are worth a combined $40.5 billion, according to a report China Money Network recently released during the World Economic Forum's Summer Davos gathering in Beijing. Just to put these numbers in perspective. Google bought DeepMind for over $500 million in 2014. Chinese voice recognition giant iFlytek Co. has a market capitalization of 63 billion yuan ($9.2 billion). Chinese AI startups raised $27.7 billion via 369 VC deals in 2017, according to a recent report from Tsinghua University. So naturally, it raises questions on if there is a bubble waiting to pop in the Chinese AI space. How could these companies, with an average age of less than five years, be worth so much money?
Nvidia Corp. was on a victory lap at CES 2017 after recording monster stock growth in 2016, but it wasn't all horn-tooting. The company also unveiled new business plans that it hopes will maintain its stock momentum through the next few years. Clad in his token black leather jacket, Nvidia NVDA, 1.34% CEO Jen-Hsun Huang made three noteworthy announcements on the CES keynote stage in Las Vegas earlier this week. The first few were in Nvidia's traditional terrain: gaming, where its graphics processing chips have been used in high-powered videogames. But the other two focused on its newer operating segments: artificial intelligence and driverless cars, where it hopes to squeeze out even more juice over the long term.
A live demonstration uses artificial intelligence and facial recognition in dense crowd spatial-temporal technology at the Horizon Robotics exhibit at the Las Vegas Convention Center during CES 2019 in Las Vegas on January 10, 2019. Venture capitalists are warning the Trump administration not to overly restrict the export of new technology such as artificial intelligence -- insisting that could make it much harder for American start-ups to sell their products abroad. The Commerce Department is considering whether to slap tighter export controls on a long list of new technologies, including AI and quantum computers, to prevent U.S. technology from falling into the hands of foreign adversaries. But the National Venture Capital Association, in public comments on the potential rule last week, voiced concerns that the list of technology the government defines as critical to national security is far too broad. The venture capitalists only want to see the department limit the export of technology specific to defense -- not a whole category of technology so broad it could include consumer products such as self-driving cars and voice assistants.
IBM has unveiled the world's smallest computer - a device no bigger that a grain of salt. Presented at the company's Think 2018 conference in Las Vegas, Nevada, the unit measures just 1mm by 1mm but has the same processing power as the x86 chip that ran early Nineties IBM desktop computers. The microscopic "crypto-anchor" CPU is essentially an anti-fraud device, designed to be embedded within price tags and product packaging like barcodes, tracking and logging the movement of goods during shipping. "The world's smallest computer is an IBM-designed edge device architecture and computing platform that is smaller than a grain of salt will cost less than 10 cents to manufacture and can monitor, analyse, communicate and even act on data," the company said. "It packs several hundred thousand transistors into a footprint barely visible to the human eye and can help verify that a product has been handled properly throughout its long journey."