Sense Time: Companies and China

sense time: Six Chinese AI companies have entered the annual cohort of the most promising 100 AI start-ups on a list CB Insights published on February 6, according to Global Times China. Among the 11 unicorns, private companies valued at more than 1 billion, there were five Chinese companies - Sense Time, YITU Technology, 4Paradigm, Face and Momenta. Although the nation's AI industry is somehow overshadowed by the US' latest move to undercut China's growth in the sector, many companies and analysts still remain confident about the future. China's top AI start-ups have become prized by investors due to China's vast market and AI technology application prospects, analysts noted. Sense Time and Face were the best-funded companies on the CB Insights 100 list, which said that they have found specific fields to focus on in the coming years. It means investors are confident with the technologies developed by Chinese start-ups, as well as their business strategies and market potential, Zhang Zijun, manager of the AI industry research center at Beijing-based CCID Consulting, told the Global Times on Thursday. (news.financializer.com). As reported in the news.