Tencent has been actively investing in AI, mainly through its AI incubator and investment department. The incubator, under the open AI platform, is responsible for finding entrepreneurs with potential, while the investment department invests in project partners, according to Taipei-based government-backed research institute MIC (Market Intelligence& Consulting Institute) of III (Institute for Information Industry). “When it comes to AI accelerator, Tencent invests in a broad range of target segments, from medical image recognition, driverless cars, and voice recognition to applications in sectors like retail, art, energy, and humanoid robots,” said Patrick Tung, senior industry analyst at MIC. “As for investment strategy, Tencent's AI investments are concentrated on robotics. Most of its applications are in micro-services and entertainment, while smart transport mainly uses car manufacturers in the US and Chinese markets, spanning smart cars from economy to premium models.”
Six Resources of Tencent’s AI Ecosystem
Source: MIC, July 2019
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Market Intelligence & Consulting Institute (MIC), based in Taipei, Taiwan, was founded in 1987. MIC is Taiwan's premier IT industry research and consulting firm providing intelligence, in-depth analysis, and strategic consulting services on global IT product and technology trends, focusing on markets and industries in Asia-Pacific. MIC is part of the Institute for Information Industry.