China AI funding to surpass USA AI funding in the previous year

China AI funding to surpass USA AI funding in the previous year

About 15 billion US dollars were invested in the AI research and development in the year 2017.  Out of that, 48% went to the People’s Republic of China and 38% to the land of United States. The USA secured a total of 77% in 2013 and had way more start-ups back then. China is striking more deals at the moment and there are almost 1000 to 1100 new start-ups that emerged last year. These emerging start-ups are making it harder to get more funds. Research shows that US government is not doing much to save its own AI industry which is a good sign for China in the coming years.