Robotics & Geopolitics: Chinese AI Startups Surpass U.S. in Funding; Drones Localize Defense Efforts

Robotics Business Review has partnered with Abishur Prakash at Center for Innovating the Future to provide its readers with cutting-edge insights into recent developments in international robotics, AI, and unmanned systems. Are you ready to be updated?

Chinese AI startups get strong funding support

Robotics development: Last year, Chinese AI startups raised more money than their U.S. counterparts. Chinese AI startups raised around $4.9 billion, compared with $4.4 billion raised by U.S. AI startups. Overall, funding for new AI companies increased 150% globally, rising from $4 billion in 2016 to over $10 billion in 2017.

Geopolitical significance: Funding is a new arena for the intensifying rivalry between the U.S. and China around machine learning and related technologies. They and other nations see AI and automation as the keys to economic success.

It is important to note that funding for startups is separate from overall funding. Between 2012 and 2016, Chinese AI firms raised $2.6 billion, compared with $17.9 billion in the U.S. It’s also important to note that the U.S. has 2,905 AI firms, compared with 709 in China.

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For the past 70 years, geopolitics has been defined by oil, natural gas, defense and much more. Now, geopolitics is being defined by technology. And, AI is the most important. Nations of all shapes and sizes are looking to AI to give them an economic and geopolitical edge. Everything from ethics to bias to warfare will be defined and redefined by the geopolitics of AI. See why nations are competing over a technology that nobody fully understands but everybody wants.

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