he industry growing at a compound aver

orizon Robotics, founded by veterans of internet search company Baidu Inc, said it was closing a new round of financing that would hit $100 million, after unveiling two tailor-made▓ AI processors to assist self-driving vehicles last year.ThinkForce, which attracted 450 million yuan ($70 million) from investors in 2017, is work▓ing on AI chips that can be embedded

in devices such as smartphones,▓ watches and home robots.Huawei is collaborating with Cambricon on AI chips for phones and other devi

ces."AI processor startups▓ are the latest darlings among investo

rs in China. This was defin▓itely impossible several years ago, as the semiconductor business is so cash-intensive and demands long-term investment to see any resu

age annual growth ra▓te

lts," said Liu Weiwei, general manager of the AI depar

  • of 54 percent, accord
  • ing to data from marke
  • t research com
  • pany ReportLinker.
  • Sensing hu
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