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
Topic |   Start-ups

TOP PICKS

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
READ FULL ARTICLE