The artificial intelligence technology developer plans to launch a strategic investment fund as well as incubator and accelerator initiatives.
China-based speech recognition technology developer iFlyTek will launch a RMB1.02bn ($150m) fund aimed at artificial intelligence (AI) software and hardware developers, China Daily reported today.
The fund will target opportunities in sectors such as consumer electronics and healthcare. It will seek to support both AI companies that lack business knowledge and startups that are successfully commercialising products but would like to integrate AI technology.
The vehicle was announced alongside iFltytek’s plans to partner local governments across China to establish incubator…
