Source:
https://scmp.com/business/banking-finance/article/2129576/venture-capital-investment-ai-doubles-us12-billion-2017Banking & Finance
Venture capital investment in AI doubled to US$12 billion in 2017
The 10 biggest venture capital deals of Q4 are split evenly between China and the US, KPMG report shows
The 10 biggest venture capital deals of Q4 are split evenly between China and the US, KPMG report shows
Artificial intelligence, particularly its applications in health, finance and the automotive sector, attracted US$12 billion of investment from venture capitalists globally last year, double the volume in 2016, according to a report by KPMG.
AI pushed total venture capital (VC) investment in China to a record high of US$40 billion in 2017, up 15 per cent from the previous year.