Tech China Post #74

1H 2018 China venture capital exceeded $11B. (link)

China is now the most prolific producer of supercomputers. China has so far produced 206 of the 500 supercomputers in the world. Supercomputers are strategically important advancement of technology to enable massive amount of data processing and calculation at extremely fast speed.(link)

Digital Currency Research Lab at People’s Bank of China (PBOC) has filed 41 blockchain-related patents. According to PBOC, the ultimate goal of the patents is to “break the silo between blockchain-based cryptocurrency and the existing monetary system” so that the digital currency can sport cryptocurrency-like features, while being widely used in the existing financial structure.(link)

With 1.3B people seeking health care, China is focused on investing in artificial intelligence to transform the industry. In early 2018, China Food and Drug Administration approved AI diagnostic tools as permitted medical devices. In May, China established a national organization called the Chinese Intelligent Medicine Association to serve as a platform for research, exchange and cooperation in AI for health care.(link)

Jeff Dean, Google’s AI chief, will serve on the University’s computer science advisory committee. Tsinghua University, often known as China’s MIT, will establish a new AI R&D center. (link)