Hyundai Mobis is accelerating for a full-scale collaboration with high-tech companies to become a global technology leader by reinforcing its competence in core technologies for future automotive vehicles. In this line the company announced equity investment of to USD 5 million in China's Deep Glint, to build a strategic partnership. Deep Glint is a Chinese startup specializing in computer vision technology utilizing artificial intelligence. The company is known for its technology in recognizing and analyzing facial, body, and behavior patterns of individuals. The company claims its AI-based object recognition and analysis system to be quick and accurate enough to correctly recognize a face of a target person among 1 billion people from a distance of 50m, within 1 second.

China is on its way to developing a strong artificial-intelligence industry and won't be derailed by the Trump administration's steps to protect sensitive American technologies amid rising trade tensions. So says Nomura-Instinet analyst Joel Ying. In a note to clients Friday, Ying said Alibaba Group (BABA) and other Chinese internet giants are funding a slew of artificial-intelligence startups. "Despite headwinds from the U.S.-China disputes in the high-tech sector, we believe Chinese companies can still maintain strong momentum in the AI industry," he wrote. Get these newsletters delivered to your inbox & more info about our products & services.