By Xinyi Li, EDITOR
At present, Chongqing is vigorously promoting the deep integration of the Internet, big data, artificial intelligence (AI) and the real economy, while Big Data Intelligence is flourishing. CloudWalk Technology Co., Ltd., an AI enterprise located in Chongqing Liangjiang New Area’s Digital Economy Industrial Park, has become a brilliant example in the process. It has grown into a leader in the fields of natural language processing and face recognition within four years and has been recently listed in the 50 Smartest Companies in the World (2019) by MIT Technology Review.
CloudWalk is listed in the 50 Smartest Companies in the World (2019) by MIT Technology Review
Business: Speed up AI+ to become the first-rate enterprise in the industry
A Chongqing enterprise is ushering in a brilliant development stage.
At the just-concluded World Economic Forum’s Annual Meeting of the New Champions (or Summer Davos) 2019, the report The Future Ten Years: Ten Experts Looking Forward to the Prospects of China’s Artificial Intelligence Industry was released. It gathers dozens of AI leaders in China, including Zhou Xi, Founder of CloudWalk Technology. As one of the reporters, he has raised many vital opinions on the future development of AI.
A Chongqing enterprise is ushering in a brilliant development stage
On June 29, MIT Technology Review, an authoritative American science, and technology magazine unveiled the 50 Smartest Companies in the World (TR50), into which CloudWalk Technology has selected thanks to its advantages in the industrialization of AI.
From a start-up to an industrial leader, how could CloudWalk Technology catch up and exceed in the competition within just four years? As Zhou Xi said in his Davos report, "It’s essential for an AI enterprise to start from details in the work. As it has improved its perception of the industry and relevant technologies, the enterprise will be able to achieve the qualitative change based on the cumulative quantitative change."
On April 15, 2015, CloudWalk Technology was officially established. In July of the same year, it signed an agreement with Liangjiang New Area on entry into its industrial park, initiating a new journey in its development.
After four years of development, CloudWalk Technology possesses 55 banking solutions and became a financial product supplier to more than 400 banks in China, such as the Agricultural Bank of China, China Construction Bank, the Bank of China and China Merchants Bank, with a market share of more than 70%.
Technologies: It accelerates innovation and breaks world records in a couple of fields
According to public data, CloudWalk Technology has completed four rounds of financing as of now and has obtained a total of more than 3.5 billion RMB as its development funds.
CloudWalk Technology has completed four rounds of financing as of now and has obtained a total of more than 3.5 billion RMB as its development funds
According to CloudWalk Technology, new-round funding will accelerate the expansion of the national-level AI platform and the research and development (R&D) of big data technologies in China. Meanwhile, it will be used for the development of the AI technology and the industrial distribution of upstream and downstream hardware sectors, the construction of R&D centers and the cultivation of talent teams, thus assisting the industrial transformation to an intellectualized one.
Based on these beneficial factors, CloudWalk Technology has stepped up its innovation. In 2018, it broke many world records in a couple of fields, such as 3D structured light, Person Re-identification, speech recognition, and character recognition, reaching a world-leading level.
Blueprint: Chongqing’s AI industrial output may reach 750 billion RMB by 2020
The development of CloudWalk Technology represents the epitome of the development of AI in Chongqing.
The White Paper on Advanced Manufacturing Industry Development in 2019—Driving Force for AI in Advanced Manufacturing Industry, which was published this year, analyzes and evaluates the development expectations of AI in 36 major cities in China, including Chongqing. The city occupied a position in the Top 10 by virtue of its advantages as to policy support, talent supply, and application innovation.
It is estimated that the output value of Chongqing’s intelligent industry will reach 750 billion RMB by 2020, basically completing the construction of the important national intelligent industry base and the first-class Big Data Intelligence application demonstration city.
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Source: CQNews