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Business trends

China surges ahead of US in AI startup funding

The country now also world's No. 1 in patent publications

Alibaba Group Holding is using facial recognition technology in payment services, such as this "Smile to Pay" platform in China.

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.

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