Artificial intellingence, a Chinese business

Artificial intellingence, a Chinese business

Bytedance, content platform creaded by Yiming Zhang in 2012, is the articial intellingence most promising startup (but we should better call it scaleup) in the world according toCB Insight and Fortune.

Or at least this is what its financing partners believe, since Bytedance has so far rounded 3.11 billion dollars, going from being an engine which recommended the best daily news to a platform which distributes contents of different formats (texts, images, videos, articles with questions and answers and microblogs).

startup intelligenza artificiale

Bytedance, artificial intelligence giant

In june 2018 the value of Bytedance, which among other things has launched or acquired a series of successful video apps including Tik Tok, BuzzVideo, Vigo Video, News Republic and Musical.ly, is estimated at around 30 billion dollars. Its research department on artificial intelligence, AI Lab, was founded in march 2016 and is specialized in the development of artificial intelligence app for information comprehension (texts, images and videos).

Also in 2016 AI Lab developed together Peking University (aka Beida) Xiaomingbot, a bot with artificial intelligence capable of writing his own articles: as if to say that even journalists could have, if not days, certainly counted years. Behind Bytedance in the ranking of the most important startups dealing with artificial intelligence there is a vacuum or almost.

Bytedance

SenseTime, the king of facial recognition

The second in the ranking is in fact considered to be SenseTime, another Chinese startup founded in 2014 by Xiaolan Xu which develops artificial intelligence for use in various areas such as facial recognition, deep learning and automatic driving, however, which has so far collectedjust” 1,6 billion dollars. Currently the evaluation of SenseTime isover” 4.5 billion dollars, a fraction of that of Bytedance even though we are still talking aboutunicorns” (i.e. startups or scaleups worth over a billion dollars each).

Face++ bet on mobile apps and video games

In third place in the ranking of the most important startups that develop artificial intelligence there is Face++ (or Megvii), hat is once again a Chinese company, founded in 2011 by Qi Yin, Wenbin Tang and Yang Mu, which operates in the field of facial recognition and video games for mobile devices whose products allow developers to easily use state-of-the-art vision technology to develop apps and “extrasensorial” mobile games. So far Face++ reounded 608 million dollars and is worth about 2 billion dollars.

Face++

Upstart only fourth, detached

The first western startup in the field of artificial intelligence is only fourth in the world by value and is Upstart, Us company founded in 2012 by Anna Mongayt e Paul Gu which developed a platform that manages loans relying on machine learning technology to price credit and automate the financing process. With 585 million dollars raised so far, Upstart is valued at around 1 billion dollars.

Italy does not invest in artificial intelligence

The artificial intellingence speaks Chines and is more and more likely to speak it in the future: if instead of wasting time and (public) money to try to keep alive and under state control airlines and companies declined, or in useless polemics about the dignity of the work of the riders who deliver pizzas and sandwiches at home the Italian government began to invest in this sector, perhaps it would be better.

Always that someone in thebeautiful country” concern of our future and who could control it and not just the latest feat of their favorite football players, of course. If you wanna know how this will end, continue to follow Mondivirtuali.it, also through our account on Twitter and our fanpage on Facebook (but remember: Mondivirtuali is on Flickr, on Pinterest, on Scoop.it on Paper.li and also on Youtube too) and maybe subscribe our newsletter!

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