Shanghai startup looks to make big strides in AI

Shanghai-based Yitu Technology, a startup engaged in artificial intelligence and facial recognition technologies, is betting big on AI chips and speeding up the industrial use of AI technologies.

Leo Zhu, founder and CEO of Yitu Technology, said the company is now concentrating on machine vision, speech recognition and semantic comprehension, and will accelerate its efforts in intelligent city, intelligent healthcare, AI pharmaceuticals and chips.

"It takes about two to three years to develop semiconductors, which costs a lot of money. In the meantime, the design of chips is of great significance, requiring a deep understanding of the industry," Zhu said, adding talent is the key to successful development of AI chips.