The Germany-born scientist, who arrived in the U.S. in 1962 and never left, was an opera-loving bon vivant who would have stood out in any field. His discovery of how proteins navigate the body provided a foundation for today’s research into treatments for cancer and myriad other diseases.
Of $15.2 billion invested in AI startups globally in 2017, 48 percent went to China and just 38 percent to America. So says a new report from CB Insights about the state of AI.
So long, America: It’s the first time China’s AI startups surpassed those in the US in terms of funding. While America still has more AI startups than China, they’re starting to lose out in striking equity deals: the US accounted for 77 percent of them in 2013, but that fell to 50 percent last year.
Fierce competition: AI startup investment rose 141 percent in 2017 compared with 2016—but with 1,100 new startups appearing last year, AI appearing in business models everywhere, and Big Tech’s enterprise AI offerings gaining traction, it’s harder than ever to snag funds.
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