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AI Superpowers Program - Innovators & Investors
SF Yacht Club, Sept. 28: Kunle Olukoton of Stanford University, Nick Adams of AME Cloud Ventures, Nan Zhou of Baidu Capital, Sue Xu of Amino Capital with moderator Selina Wang of Bloomberg News
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Silicon Dragon Video -
AI Superpowers Panel of
Innovators & Investors
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"We're not all worried about Big Brother watching us in China because of artificial intelligence."
Nick Adams, AME Cloud Ventures
AI has become as big a buzzword as blockchain today. But it's not just hype. VCs are racing to fund emerging AI companies despite paying unicorn-high valuations to back them.
"Today, it is about having an AI first company, like it was in 2000, when it was all about having an Internet site," commented
Sue Xu, managing partner,
Amino Capital. "The tech giants in China are all AI first companies now."
"We are at the very beginning of the AI revolution," said
Nick Adams, managing director of
AME Cloud Ventures, which is an investor in China AI unicorn SenseTime Group.
China is getting ahead of the U.S. now, but may not in the long term. "Right now, we are at this data-driven AI and China has more data. But in the future, we will see that smaller and smaller data sets and that could solidify the research edge for Silicon Valley.
VC DEALS
Chinaccelerator portfolio company Shopal, a luxury brand group with online social commerce and retail chains, has raised $30 million from Youngor Group.
Here is a
China Startup Pulse podcast interview with CEO Lu Guo and Chinaccelerator host Oscar Ramos. SOSV invested in Shopal early on.
Logistics tech startup Blackbuck in Bangalore raises $27.4 million from new investor Sequoia Capital.
Zuoyebang, a four-year-old, online education platform that's backed by Baidu, is in talks to raise $500 million from the SoftBank Vision fund.
NOTEWORTHY
China's AI market has given birth to 14 unicorns. Is it a bubble waiting to burst? See bubby AI.
Asian cities challenge U.S. dominance in venture capital. See VC challenge. Startups in Beijing have raised almost as much money as those in the Valley.
IPOs Tencent Music has filed for a $1 billion IPO in New York. Parent Tencent owns 58.1%, Spotify owns 9.1%. It has 800 million monthly active users.
VIDEO SPOTLIGHT
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Is China's hot pot chain Haidilao coming to your neighborhood next? |
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