Home / Business

iFlytek plans incubators for startups

By Ma Si in Hefei | China Daily | Updated: 2017-10-25 07:20

Leading Chinese artificial intelligence company, iFlytek Co Ltd, has announced it will set up a 1.02 billion yuan ($150 million) fund to support software and hardware developers. The move is part of its broad push to accelerate the application of AI in consumer electronics, healthcare and other industries.

The announcement came after the company's AI-enabled user interface platform accumulated 460,000 third-party developer teams in the past seven years.

Hu Yu, executive president of iFlytek, said the fund will be used to finance startups that have core technologies but lack business know-how, or companies that excel in commercializing products but are unable to integrate AI into their devices.

iFlytek plans incubators for startups

Today's Top News

Editor's picks

Most Viewed

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349