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Home JAPAN AGRICULTURE NEWS

AI: As funding sources dry up, China’s AI quartet walks through valley of death

by 198 Japan News
November 15, 2021
in JAPAN AGRICULTURE NEWS
Reading Time: 5 mins read
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Primary school students had lessons at an artificial intelligence (AI) exhibition hall on November 3, 2021 in Qingdao, Shandong Province of China.

Synopsis

The country’s largest AI companies need to tap the stock market urgently, as private-equity and venture-capital funding have become increasingly difficult. But it’s a rocky road ahead, as the trade and technology face-off between China and the US has complicated their prospects. Broader market volatility and investors’ loss of patience with the new technology’s commercial outlook also pose challenges.

Han Wei China’s leading artificial intelligence (AI) companies are racing for public share sales even as investors’ appetite for new issues is waning, making it harder for them to generate fresh funding to sustain growth.The road to initial public offerings (IPOs) has been rocky for the country’s largest AI enterprises as the trade and technology face-off between China and the U.S. complicates their prospects. Broader market volatility and

BY

Caixin Global

10 mins read, Last Updated:

Nov 16, 2021, 05:57 AM IST

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