Sinovation Ventures’ Dr. Kai-Fu Lee is betting big on artificial intelligence

Given that Sinovation Ventures founder Dr. Kai-Fu Lee has around 50 million followers on Chinese social networks, he has become an oracle when it comes to predicting the future of tech in China. Kai-Fu Lee talked about the most important trends in Chinese startups at TechCrunch Beijing 2016.Sinovation Ventures recently raised the equivalent of $675 million in total across a Chinese and an American fund, and the firm has over 300 companies in its portfolio. “We can invest up to $15 million per company now,” Kai-Fu Lee said. And by far, the most important area for future Sinovation Ventures investments will be artificial intelligence. Many people think about autonomous vehicles, but Kai-Fu Lee also wants to invest in image recognition technology, financial applications and even healthcare startups relying on artificial…


Link to Full Article: Sinovation Ventures’ Dr. Kai-Fu Lee is betting big on artificial intelligence

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