AI, China Dominate Semiconductor Funding
Nitin Dahad, EETimes
7/24/2018 00:01 AM EDT
LONDON—China’s use of facial recognition technology for widespread state surveillance has been feverishly reported by many media in recent months. The latest is the UK’s Financial Times, which reminds us of a 2015 official paper that articulated a vision to have a national video surveillance network by 2020 that is omnipresent, always working and fully controllable.
The technology upon which it is based is reflected in the figures for investments in artificial intelligence (AI) and related tech companies, including semiconductor companies.
Take for example Beijing-based SenseTime, which in the second quarter raised more than $1.2 billion. Among other things, it provides AI-powered surveillance for the Chinese police. This week, it is reported that the SoftBank Vision Fund is considering putting in almost$1 billion more in SenseTime, which is already valued at over $4.5 billion, arguably the most valuable AI company globally.
![]() |
E-mail This Article | ![]() |
![]() |
Printer-Friendly Page |
Related News
- Dutch AI Semiconductor Startup Axelera AI Launches With $12 Million Seed Round
- AI Semiconductor Company Syntiant Demonstrates Analog Neural Network for Always-on Battery-powered Devices, Closes A Round Funding Led by Intel Capital
- Blumind Secures Series A Funding to Accelerate Analog AI Revolution
- Axelera AI Secures up to €61.6 Million Grant to Develop Scalable AI Chiplet for High-Performance Computing
- Semiconductor Giants Navigate AI Boom & Trade War
Breaking News
- JEDEC® and Industry Leaders Collaborate to Release JESD270-4 HBM4 Standard: Advancing Bandwidth, Efficiency, and Capacity for AI and HPC
- BrainChip Gives the Edge to Search and Rescue Operations
- ASML targeted in latest round of US tariffs
- Andes Technology Celebrates 20 Years with New Logo and Headquarters Expansion
- Creonic Unveils Bold Rebrand to Drive Innovation in Communication Technologies
Most Popular
- Cadence to Acquire Arm Artisan Foundation IP Business
- AMD Achieves First TSMC N2 Product Silicon Milestone
- Why Do Hyperscalers Design Their Own CPUs?
- Siemens to accelerate customer time to market with advanced silicon IP through new Alphawave Semi partnership
- New TSN-MACsec IP core for secure data transmission in 5G/6G communication networks