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US has already lost to China in AI fight, says ex-Pentagon software chief

F-22Raptor said:
The US has created 210+ in 2021 ALONE. China in 2021 30…..

US private sector is far more vibrant.

https://www.cbinsights.com/research-unicorn-companies
Click to expand...
2021 is not over yet, and China this year has been harshly cracking down on many unicorn companies, because the number are just too many, China now wants quality.


China AI unicorns are promising to be stronger
GlobalData Thematic Research
28th September 2021 (Last Updated September 29th, 2021 07:10)

China is a leading player in artificial intelligence (AI), with several public companies such as Baidu, Hikvision, iFlytek, Tencent, and Alibaba.

It also has a strong AI start-up ecosystem, which is evident from the large number of AI unicorns (privately held start-up company valued at $1bn or more). China has the highest number of AI unicorns in the world, with a total of 19 in China as of 31 August 2021. These 19 unicorns are collectively valued at $43.5bn.


The Chinese AI dragons are getting bigger
SenseTime, Megvii, Cloudwalk, and Yitu Technology are collectively called China’s four “AI dragons”.


SenseTime specializes in image recognition software, computer vision, and deep learning technologies. Its solutions are used in autonomous vehicles, smart cities, edtech, and healthtech. Its technology is also useful in the emerging metaverse, which promises to mix reality and a virtual world.

It is currently the most valuable of all the AI unicorns, with a valuation of $12bn, having received total funding to date of $2.6bn. Key investors include Tiger Global Management, Softbank China Venture Capital, and Qualcomm Ventures.

Cloudwalk is a developer of facial recognition software for fintech, public security, and aviation sectors. It is valued at $3.3bn with total funding of $0.5bn. Its key investors include Haier Capital, Industrial and Commercial Bank of China, and Atlas Capital Group.

The two other Chinese AI dragons are Megvii and Yitu Technology. Megvii, a facial recognition software developer for smart cities, is valued at $4bn with total funding of $1.4bn. It is backed by investors such as Alibaba Group Holding, Foxconn Technology Group, and Boyu Capital Consultancy.


Yitu Technology offers an AI computing ecosystem, AI chips and AI algorithm software for smart cities, smart fintech, smart healthtech, and smart retail. It has achieved a valuation of $2.2bn and total funding of $0.4bn. Investors like Sequoia Capital, Hillhouse Capital Group, and Gaorong Capital backed the unicorn with funding.

Apart from these four, Horizon Robotics is another notable unicorn that provides edge AI platforms, AI chips, and AI-based face recognition cameras for smart vehicles, smart cities, and smart retail. It is valued at $5bn and has received a total funding of $3.1bn. Sequoia Capital, Citic Group, Hillhouse Capital Group, and Intel are some of its notable investors.

Expect four to go public soon – despite regulatory challenges
CloudWalk, Yitu Technology, Megvii, and SenseTime were put on the US entity list by the US government over allegations that they had violated human rights and posed a threat to US national security.

SenseTime has filed for an initial public offering (IPO) in Hong Kong in 2021. It did not disclose the size of the deal but is pushing ahead with the planned listing. It plans to invest 60% of the amount raised in IPO to improve research and development (R&D).

Cloudwalk has also filed for an IPO of $0.5bn in the Shanghai Stock Exchange which is now confirmed and is expected to go public soon.

Megvii is also in the IPO pipeline for the Shanghai Stock Exchange’s STAR Market. Approval was given for a $0.9bn IPO on the Shanghai Stock Exchange and expects to go public soon. Their first attempt to list was in February 2020, when it’s Hong Kong IPO filing lapsed because of the impact of the coronavirus pandemic.

Yitu Technology is also considering IPO in Hong Kong after failing to win regulatory approval in Shanghai and seeks a valuation of about $4bn in Hong Kong. Like other AI unicorns, Yitu Technology will invest the capital raised from the IPO in R&D and for market expansion.

The Chinese AI ecosystem will become even stronger as these companies list and are able to invest the significant amounts of new capital raised. This will further boost the broader AI start-up ecosystem in China.


www.verdict.co.uk

China AI unicorns are promising to be stronger

China is a leading player in artificial intelligence (AI), with several public companies such as Baidu, Hikvision, iFlytek, Tencent, and Alibaba.
www.verdict.co.uk www.verdict.co.uk
 
Last edited:
beijingwalker said:
2021 is not over yet, and China this year has been harshly cracking down on many unicorn companies, because the number are just too many, China now wants quality.


China AI unicorns are promising to be stronger
GlobalData Thematic Research
28th September 2021 (Last Updated September 29th, 2021 07:10)

China is a leading player in artificial intelligence (AI), with several public companies such as Baidu, Hikvision, iFlytek, Tencent, and Alibaba.

It also has a strong AI start-up ecosystem, which is evident from the large number of AI unicorns (privately held start-up company valued at $1bn or more). China has the highest number of AI unicorns in the world, with a total of 19 in China as of 31 August 2021. These 19 unicorns are collectively valued at $43.5bn.


The Chinese AI dragons are getting bigger
SenseTime, Megvii, Cloudwalk, and Yitu Technology are collectively called China’s four “AI dragons”.


SenseTime specializes in image recognition software, computer vision, and deep learning technologies. Its solutions are used in autonomous vehicles, smart cities, edtech, and healthtech. Its technology is also useful in the emerging metaverse, which promises to mix reality and a virtual world.

It is currently the most valuable of all the AI unicorns, with a valuation of $12bn, having received total funding to date of $2.6bn. Key investors include Tiger Global Management, Softbank China Venture Capital, and Qualcomm Ventures.

Cloudwalk is a developer of facial recognition software for fintech, public security, and aviation sectors. It is valued at $3.3bn with total funding of $0.5bn. Its key investors include Haier Capital, Industrial and Commercial Bank of China, and Atlas Capital Group.

The two other Chinese AI dragons are Megvii and Yitu Technology. Megvii, a facial recognition software developer for smart cities, is valued at $4bn with total funding of $1.4bn. It is backed by investors such as Alibaba Group Holding, Foxconn Technology Group, and Boyu Capital Consultancy.


Yitu Technology offers an AI computing ecosystem, AI chips and AI algorithm software for smart cities, smart fintech, smart healthtech, and smart retail. It has achieved a valuation of $2.2bn and total funding of $0.4bn. Investors like Sequoia Capital, Hillhouse Capital Group, and Gaorong Capital backed the unicorn with funding.

Apart from these four, Horizon Robotics is another notable unicorn that provides edge AI platforms, AI chips, and AI-based face recognition cameras for smart vehicles, smart cities, and smart retail. It is valued at $5bn and has received a total funding of $3.1bn. Sequoia Capital, Citic Group, Hillhouse Capital Group, and Intel are some of its notable investors.

Expect four to go public soon – despite regulatory challenges
CloudWalk, Yitu Technology, Megvii, and SenseTime were put on the US entity list by the US government over allegations that they had violated human rights and posed a threat to US national security.

SenseTime has filed for an initial public offering (IPO) in Hong Kong in 2021. It did not disclose the size of the deal but is pushing ahead with the planned listing. It plans to invest 60% of the amount raised in IPO to improve research and development (R&D).

Cloudwalk has also filed for an IPO of $0.5bn in the Shanghai Stock Exchange which is now confirmed and is expected to go public soon.

Megvii is also in the IPO pipeline for the Shanghai Stock Exchange’s STAR Market. Approval was given for a $0.9bn IPO on the Shanghai Stock Exchange and expects to go public soon. Their first attempt to list was in February 2020, when it’s Hong Kong IPO filing lapsed because of the impact of the coronavirus pandemic.

Yitu Technology is also considering IPO in Hong Kong after failing to win regulatory approval in Shanghai and seeks a valuation of about $4bn in Hong Kong. Like other AI unicorns, Yitu Technology will invest the capital raised from the IPO in R&D and for market expansion.

The Chinese AI ecosystem will become even stronger as these companies list and are able to invest the significant amounts of new capital raised. This will further boost the broader AI start-up ecosystem in China.


www.verdict.co.uk

China AI unicorns are promising to be stronger

China is a leading player in artificial intelligence (AI), with several public companies such as Baidu, Hikvision, iFlytek, Tencent, and Alibaba.
www.verdict.co.uk www.verdict.co.uk
Click to expand...


Beijing is destroying its own private sector. Sounds about right.


The US private sector is far more innovative, dynamic, and vibrant than China’s. That’s why so much investor capital is flowing into US companies. The real cutting edge science and tech advancement are occurring in the United States.
 
F-22Raptor said:
You are hopelessly naive. The US private sector has produced over 200+ unicorn companies this year alone. China only 30. The US private sector is far more vibrant than Chinas.
Click to expand...
Companies valued at more than $1 billion are considered unicorns.
Everyone in the world knows how many bubbles the US stock market has. In particular, the US govt recently excess issue $3 trillion. How many of America's 200+ Unicorn companies are really worth more than $1 billion? I'm afraid it's only 20+. And China's govt has been cracking down on the stock market bubble, so China's Unicorn company is the real Unicorn company.
I talk to you about technology and you talk to me about the stock market, that's why I say the USA is more and more like India.
 
Wonder how many unicorns the new afro latino future majority americans gonna create in 2050. China gonna be 10x ahead of afro latino america in 2050 and that will be the end of anglo saxons lol
 
Sorry but US 5G technology is so far behind China's.

Since 2020 our 5G tech has been used in remote work for farms, mining, construction, and tunneling. Assisting with autonomous works as well. Recently it was shown for road cleaning machinery which run autonomously and using 5G networks.

USA lied about 5G with Verizon or some other provider who was claiming 5G and users then called them out for lying. US to this day has no 5G that is a part of anything like China has been using them for since at least as far back as 2020.

Quantum computing US and China are roughly equal in race who knows who is truly ahead both only talk about things they have completed so it's hard to say what in the works is like and how they measure.

Quantum communication technology China is ahead of. I don't think the US has put into testing any quantum communication technologies yet.

AI China should be ahead in due to having much larger data access. Both are leaders and US AI industry is mostly non-Americans and the largest ethnicity is Chinese, often even Chinese citizens as they account for around 20% of the AI industry in the US. The American local ones are often just like their maths olympiad teams, also high proportion of Asians or Chinese.

Unicorn companies? CCP crack down on crazy investment bubbles lately and it's a good thing for China itself. Bubbles that are inefficient but suck up a lot of money and larger than they should be? Elizabeth Holmes Theranos was also a unicorn... American unicorn. Many American unicorns are just like Theranos but unexposed until market realizes and no longer a unicorn. Quite pointless. CCP just cracks down on Chinese versions of these sorts of companies, basically just existing to make money from fooling investors. A better way to measure would be companies by market capitalization rather than unicorns. US have more bigger and wealthier companies.
 
MH.Yang said:
Companies valued at more than $1 billion are considered unicorns.
Everyone in the world knows how many bubbles the US stock market has. In particular, the US govt recently excess issue $3 trillion. How many of America's 200+ Unicorn companies are really worth more than $1 billion? I'm afraid it's only 20+. And China's govt has been cracking down on the stock market bubble, so China's Unicorn company is the real Unicorn company.
I talk to you about technology and you talk to me about the stock market, that's why I say the USA is more and more like India.
Click to expand...

He has no idea about the massive money printing inflating all asset classes in the US. US national wealth is going up more in 1 year now due to the inflated assets than it did in multiple years of organic economic growth. Most of the US economy is fluff with overinflated assets and overinflated service sector. Spending on expensive healthcare is considered part of ‘consumption growth’ which inflates their GDP. The real productive economy of the US is hollowed out. Financial engineering using the dollar’s reserve currency status is the only game they got.

As I said previously, the grand chessboard is looking extremely favourable for China. The money gap is nearly closed. The industrial gap is fully closed. Once the gap in traditional technology is closed, it is proper game over for the US. In new and emerging technologies, there is barely any gap to make a substantial difference and in many emerging technologies China is ahead.

Even the US elites themselves realise this which is why they are trying to stop China’s technology rise in semiconductor equipment, scientific instruments, and other traditional technology areas. Traditional technology is the only advantage the US currently has and even that gap will be fully closed. They are in total panic and in desperation.
 
MH.Yang said:
USA still has advantages over China in traditional science and technology, but China is almost all ahead of the USA in emerging science and technology. For example, hypersonic technology, artificial intelligence, face recognition, quantum science, genetic engineering, inheritance engineering, big data, 5g, electromagnetic gun, etc. USA has fallen behind in these areas, and the gap is growing.
Click to expand...

Why do you think the US is behind in say facial recognition?
On January 28, 2001 facial recognition was secretly used on 100,000 spectators entering the Super Bowl with two dozen arrested. When word leaked out causing a fuss they simply kept quiet about using the tech in the future. I'm sure it was already installed in airports.

17 years later in 2018 China used it to arrest somebody at a concert with 60,000 spectators making headlines.

Facial recognition to unlock smart phones wasn't a Chinese invention.
 
Last edited:
MH.Yang said:
Companies valued at more than $1 billion are considered unicorns.
Everyone in the world knows how many bubbles the US stock market has. In particular, the US govt recently excess issue $3 trillion. How many of America's 200+ Unicorn companies are really worth more than $1 billion? I'm afraid it's only 20+. And China's govt has been cracking down on the stock market bubble, so China's Unicorn company is the real Unicorn company.
I talk to you about technology and you talk to me about the stock market, that's why I say the USA is more and more like India.
Click to expand...


You can’t accept that US private sector is far more innovative and vibrant than China’s.

What industry has China developed that has changed the world?

Cell phones? Apple
Search? Google
E-retail? Amazon
Social Media? Facebook/Twitter
EVs? Tesla
Commercial space industry? SpaceX
 
F-22Raptor said:
Couldn’t disagree more:

Hypersonic- the US has already successfully demonstrated a near ICBM range HGV at Mach 17 and hypersonic scramjet over Mach 5 at 350 miles. I haven’t seen any evidence China has overmatch in hypersonic capability.

AI- The only area China has surpassed the US is in facial recognition and that’s because the US has little interest in pursuing facial recognition. All the cutting edge AI research is being done at US research institutions. And I see no evidence the average Chinese consumer has a superior AI experience than the average American. AI is already being integrated with US targeting and battle networks.


Quantum- the US has already achieved quantum supremacy, and deployed commercial quantum computers. US companies are heavily investing in quantum computing.

In terms of quantum Internet-

Oct. 7, 2021 — A team from the U.S. Department of Energy’s Oak Ridge National Laboratory, Stanford University and Purdue University developed and demonstrated a novel, fully functional quantum local area network, or QLAN, to enable real-time adjustments to information shared with geographically isolated systems at ORNL using entangled photons passing through optical fiber.

This network exemplifies how experts might routinely connect quantum computers and sensors at a practical scale, thereby realizing the full potential of these next-generation technologies on the path toward the highly anticipated quantum internet. The team’s results, which are published in PRX Quantum, mark the culmination of years of related research.

https://www.hpcwire.com/off-the-wir...tworking-milestone-in-real-world-environment/


5g- The US has already deployed 5g networks across the country. 5g killer apps do not exist, therefore the average Chinese consumer does not have a superior experience to the average American.


Rail gun- The US Navy has already determined that rail guns are not practical weapon systems. Their range is to short, fire rate is too slow, and they degrade to easily over time. They aren’t useful in real world applications.



The US has produced over 210+ private unicorn companies in 2021 alone. While China has produced only 30. The US private sector is far more innovative and vibrant than China’s.
Click to expand...
Make your enemy complacent.. let the Chinese think they have outpaced by eons. Push comes to shove they’ll realize like all other world powers.
 
Beidou2020 said:
He has no idea about the massive money printing inflating all asset classes in the US. US national wealth is going up more in 1 year now due to the inflated assets than it did in multiple years of organic economic growth. Most of the US economy is fluff with overinflated assets and overinflated service sector. Spending on expensive healthcare is considered part of ‘consumption growth’ which inflates their GDP. The real productive economy of the US is hollowed out. Financial engineering using the dollar’s reserve currency status is the only game they got.

As I said previously, the grand chessboard is looking extremely favourable for China. The money gap is nearly closed. The industrial gap is fully closed. Once the gap in traditional technology is closed, it is proper game over for the US. In new and emerging technologies, there is barely any gap to make a substantial difference and in many emerging technologies China is ahead.

Even the US elites themselves realise this which is why they are trying to stop China’s technology rise in semiconductor equipment, scientific instruments, and other traditional technology areas. Traditional technology is the only advantage the US currently has and even that gap will be fully closed. They are in total panic and in desperation.
Click to expand...


US supremacy is going to be brutal for you to accept Beidou. All I’ll say is you better hope your new predictions work out better than your previous ones. :lol:
 
SQ8 said:
Make your enemy complacent.. let the Chinese think they have outpaced by eons. Push comes to shove they’ll realize like all other world powers.
Click to expand...

It is the US that severely underestimate China in all areas from trade, finance, technology, military, Olympics, etc. US is always surprised by China’s speed and capabilities.
China never underestimate the enemy. If anything, China overestimates the US power and capabilities.

US underestimate China at its peril.
 

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