2015 Chinese AI companies are now valued at $1bn or more, with their combined worth standing at $40.5bn, according to figures from China Money Network. Yet with an average age of just five years, questions are being asked about whether these young companies which generate seemingly little revenue can really be worth such significant amounts. Many industry observers believe the industry is on track to experience a correction, affecting the number of AI firms and their valuations, which they say will have a positive impact on the sector’s long-term prospects.
Fourteen Chinese AI companies are now valued at $1bn or more, with their combined worth standing at $40.5bn, according to figures from China Money Network. Yet with an average age of just five years, questions are being asked about whether these young companies which generate seemingly little revenue can really be worth such significant amounts. Many industry observers believe the industry is on track to experience a correction, affecting the number of AI firms and their valuations, which they say will have a positive impact on the sector’s long-term prospects.