Kai-Fu Lee via Sinovation Ventures, has funded 140 AI startups

Courtesy CBS news – detailed text here

Kai-Fu Lee built his career working for the giants of Silicon Valley: Apple, Microsoft, and Google. But today, as one of the most successful venture capitalists in the field of artificial intelligence, Lee has decided that best place to be an AI capitalist is in communist China.

Lee’s firm, Sinovation Ventures, has funded 140 AI startups, including shared-bicycle companies, education companies, and a firm that’s developing dishwashing robots. Lee says that the future for AI companies in China offers more promise than anywhere else, because of the simple fact that in a country of 1.4 billion, there’s just more data than anywhere else. In China, data has become its own kind of abundant natural resource.

Lee has called China “the Saudi Arabia of data.”