2023 preview: Hard-tech
AVCJ
2023 preview: Hard-tech
AVCJ
MoFo partner Chuan Sun was quoted in AVCJ's 2023 preview of the hard-tech industry.
Chuan believes that investor interest in next frontier adoptions of AI will persist through 2023. Application scenarios involving automotive, transportation, logistics, smart manufacturing, and enterprise software are all on the agenda.
According to Chuan, in 2021, AI was white-hot. Chinese AI start-ups received USD 17bn in PE and VC funding, which represents nearly 20% of the global total. In order to further encourage AI developments, the central government has broad guidance schemes in place while the local government of major cities, such as Shanghai and Shenzhen, have issued their own regulations this year to boost AI-related investment.
Read the full article (subscription required).