A screen shows a demonstration of Chinese AI firm Horizon Robotics’ facial recognition software. A Credit Suisse report said that most of China’s R&D spending is in experimental development. Photo: Reuters
China no match for US unicorns in AI, big data and robotics as it continues to play catch-up in R&D, says Credit Suisse
- China’s share of hi-tech unicorns of 14 per cent versus 40 per cent for the US has much to do with the country’s inadequate advanced R&D capability
- China accounts for almost 30 per cent of the world’s unicorns, which have an overall valuation of more than US$1 trillion
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A screen shows a demonstration of Chinese AI firm Horizon Robotics’ facial recognition software. A Credit Suisse report said that most of China’s R&D spending is in experimental development. Photo: Reuters