TV firms rush into AI-ready sector

Watching television in the digital era has just got a lot easier. Chinese TV manufacturers have ushered in the era of intelligent TVs as more and more affluent consumers are pursuing a smarter, high-end lifestyle.

Industry insiders said speech recognition technology plays a vital role in boosting the development of artificial intelligence-enabled TV sets, and the competition will be fiercer with technological advancements and innovation.

Baofeng Group Co Ltd, a Beijing-based internet entertainment and technology company, is betting big on the AI-enabled TV. Feng Xin, its chief executive officer, said the company will concentrate on its TV business in the next year, which means its previous investments in virtual reality and online video markets will slow down.