Artificial intelligence leader Shang Tang Technology recently announced that it had won a $60 million investment in Sailing Capital, which led to the investment of Sailing Capital as an important strategic shareholder of Shangtang Capital. The comprehensive strength of Shang Tang Technology in artificial intelligence academic innovation, technological breakthroughs, productization, commercialization, etc. has been widely recognized by the industry. After winning the game lead, Shang Tang Technology will further expand its application in artificial intelligence applications. Shang Tang has used various AI technologies developed by self-built deep learning supercomputers, such as face recognition, video analysis, driver assistance, etc., which have been applied to many industries. Currently contracted procurement customers include more than 300 well-known companies such as China Mobile, China UnionPay, HNA Group, Huawei, Xiaomi, OPPO, vivo, Mito, Sina Weibo and Jingdong. Shangtang invests RMB 40 million to build a self-built deep learning center for large-scale AI algorithm training Sailing Capital, known as CIC II, is a purely market-oriented large-scale fund with a strong national team background: it is approved by the central bank and approved by the Shanghai municipal government. The total size of the parent fund is RMB 50 billion. Shareholders include Shanghai World Group, SAIC, Baosteel Group and other six Fortune 500 companies and large groups. One of Starlead Capital’s star investment projects, Mobileye, was recently acquired by Intel for US$15.3 billion. The game leader received more than RMB1 billion in returns. Regarding the investor Tang, Liu Xiaodong, president of Sailing Capital, said: “Business soup has strong research and innovation capabilities and commercial liquidity, and has deep talents and technology reserves in terms of deep learning, visual recognition, etc. Leading is also very clear. Shang Tang has similar research genes with Mobileye, and its technical excellence has been recognized by many customers. Artificial intelligence will have far-reaching impact on many industries in the future, and we expect that Shang Tang will play an important role as an enabler in the future, driving China’s Industry upgrading.Sailing Capital will fully support Shang Tang, and lead the Chinese people's original technology to be based in China and go global.†Xu Li, CEO of Shangtang Technology, said: “Sailing brings us not only abundant funds, but also Bringing many heavyweight resources into Shangtang, accelerating our commercialization and consolidating the status of leaders in the Shangtang industry.†Prior to this, Shang Tang Technology had won the investment of Ding Hui, a well-known private equity fund company, and the strategy and investment of Wanda Capital in 2016. The famous venture capital companies IDG Capital and StarVC are also early investors of Shangtang Technology. Shenzhen Ousida Technology Co., Ltd , https://www.osdvape.com
