TOKYO -- Chinese companies won nearly half of all funding for AI startups last year, vaulting past the U.S. and firmly establishing the country as a global leader in the field.
Artificial intelligence startups worldwide raised a record $15.2 billion in 2017, according to American research firm CB Insights. Chinese businesses accounted for 48% of the total, up from just 11.6% in 2016. The U.S. placed second with 38%.
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