Investors eye AI opportunities in China

Venture capital investors are increasingly piling into artificial intelligence. The opportunities for China are rife.

James Breyer is best known for investing in Facebook in 2005, when Mark Zuckerberg was still a little-known Harvard dropout and the company was selling its shares at just 5 cents each.

His next big bet will be in China’s artificial intelligence sector, where he will spend more money and expects almost-as-impressive returns. Breyer Capital, his eponymous venture capital fund, is teaming up with IDG China to invest in the sector.

“My partners at IDG China and Breyer Capital will invest $1 billion this year in China and Silicon Valley on AI, internet of things IoT, machine learning companies and next generation consumer applications,”...

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