SHANGHAI, June 30, 2018 /PRNewswire/ -- The artificial
intelligence industry in China has
become one of the hottest and fastest growing sectors, with large
public companies and startups alike competing for the burgeoning
market, as well as venture capital and private equity. China is poised to become one of the world
leaders, if not the leader, based on a combination of progress,
ambition, and government as well as large conglomerate support.
Chinese investments account for 48 percent global AI startup
funding market and for current patents has surpassed the United States by a large margin.
![(Showing Top 15 of 100) (Showing Top 15 of 100)](https://mma.prnewswire.com/media/713396/APEX_Technologies_APAC.jpg)
China Internet Weekly, the analytical and editorial entity of
China Academy of Sciences (state-backed national scientific think
tank and academic governing body) and one of the leading technology
publications, on an annual basis publishes a ranking of the top 100
companies in each technology subsector including big data, AI,
healthcare technology, and financial technology. The criteria for
selection and ranking on these lists include factors such as
revenue growth rate, brand reputation, level of innovation, and
judge panel scoring.
The 2018 Top 100 List have just been published for Artificial
Intelligence – and large technology conglomerate and emerging AI
technology companies have been ranked alike. Some interesting
additions to top 20 include Face++, one of the fastest growing
machine vision companies, and AI Nemo, which is Baidu's smart home
AI branch and effectively the Amazon Alexa of China. Others in the top 50 include the usual large tech
conglomerates including Baidu, Alibaba, and Tencent, and Huawei.
The most notable addition to the top 10 is the #1 ranked company on
this year's list, APEX Technologies, a fast growing data technology
company focused on AI and blockchain technology. APEX Technologies
builds data and artificial intelligence solutions for mid to large
size corporation to help with marketing, CRM, customer experience,
and data-driven insight – simply put, using AI to increase revenue
and the bottom line.
APEX Technologies boasts an enterprise customer list with some
of the most prominent Fortune 500 companies, brands, as well as top
internet companies, including the likes of Lenovo, Didi
(China's Uber), Hilton, DBS, Mont
Blanc, Volvo, MacLaren, and Wanda Group. APEX Technologies' AI
technology mainly consists of predictive insights and natural
language processing (NLP) using proprietary deep learning
technology, and is able to deliver a level of customization for
large customers. The management team mentioned that the top
priority within their strategy is rapid enterprise adoption as a
result flexible solutions. APEX Technologies boasts an addition of
roughly 100 new large enterprise customers in the past year alone,
and the company doesn't see that slowing down.
"Our solutions can cost anywhere from a couple hundred grand for
your standardized SaaS solution to a couple million for a large
enterprise deployment with 50 servers. But the key is you can
always start cheap and quick, and the goal is you will see the
value and take the cooperation to the next level. That would be the
similar logic for our data, AI, or blockchain solutions. We got a
lot to offer, and customers are delighted for the most part.", said
APEX Technologies VP of Commercial Larry Fang.
"We're just getting started.", added APEX Technologies Founder
& CEO Jimmy Hu.
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SOURCE APEX Technologies