Tech China Post #24
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Ant Financial is investing in AI to position itself as a leader in financial technology. In addition to R&D, Ant Financial has been an active strategic investor in AI and emerging tech startups. Not new news but another interesting coverage here.
In light of national focus on technology and innovation, the rise of technology giants, and significant public and private capital fueling technology enabled innovation in all industries, current generation of Chinese students are eyeing opportunities in entrepreneurial and innovative firms and local giants. In the past, most talented Chinese students seek opportunities abroad and stay abroad.
Baidu and Bosch are collaborating on self driving cars further enhancing the Chinese-German cooperation in technology innovation. Baidu along with other Chinese based venture capital firms are investing in AI with self driving cars as an investment theme. An example of the partnership is that NIO, a Chinese self driving startup, will reportedly use German car parts supplier for its cars. There are other similar arrangements to accelerate China’s ambition in overall self-driving cars and Germany’s ambition to further penetrate the Chinese market.
Baidu’s AI ecosystem expands with extending its AI technology to Baidu Japan’s popular Japanese keyboard. Typing Asian characters is time consuming given the volume, variety, complexity (strokes) and nuances with each character. Baidu Japan is incorporating AI to attempt to make the keyboard to ‘type out’ the characters.
Didi to Uber, Ofo to city bikes, and now Dora’s Dream to Rent a Runway…
WeChat cracks down on ‘gossip’ accounts
China says will continue crackdown on illegal HK insurance products -regulator
