Artificial Intelligence is catching on in almost every aspect of life.
Soon, robotics technology will be the big thing to watch — and in which to invest.
Israel, for example is increasingly looking towards China for future collaboration.
CGTN’s Stephanie Freid reports from Tel Aviv.
According to a Forbes Magazine report, Israeli companies traded on the Nasdaq have a market cap of $70 billion. At the same time, Israel’s start-ups are eyeing China for its tremendous market potential and China is not disappointing.
Last year, Chinese investment in Israel hit a record high – increasing ten times over the previous year.
One Israeli Artificial Intelligence expert describes it as a “match made in heaven”: The combination of China’s methodology with Israel’s “think out of the box” approach.
The match plays out via joint ventures across the high-tech realm.
The hottest new collaborations are in the Artificial Intelligence or “A.I.” domain. Israel is innovating drones, robots, cyber security, software that controls factory operations and even self-driving cars.
China is a high roller investor, to the tune of $16.5 billion last year.
“The openness towards cooperation, the openness towards doing R&D together, the openness here towards creating new products for a new market – this is something that makes a difference. This is something that probably Israelis are probably more open to than anybody else,” said Ilan Maor, Vice President of the Israel-Asia Chamber of Commerce.
China’s justice system is a voice detection company’s number one client.
They specialize in analyzing speech patterns for emotion and personality characteristics. China’s senior population, the fastest growing population in the world, has the country’s investors also eyeing A.I. start-ups with medical slants.
An example is an algorithm-centric company staffed by genomics experts, data scientists and physicians who apply blood analysis data to predict a person’s vulnerability to diseases like cancer and diabetes.
“There is more need for, I would say, for more sophisticated ways to outreach to patients, to find populations at risk, to try and prevent those who would be at high risk tomorrow from reaching there,” said Ori Geva, CEO of Medial Early Sign.
Israel’s high tech industry is increasingly turning to China for collaboration. As new joint ventures emerge on a nearly daily basis, artificial intelligence is increasingly a driving force behind the collaborations.
Scott Schober discusses the field of artificial intelligence in China
CGTN’s Mike Walter spoke with Scott Schober, president and CEO of Berkeley Varitronics Systems, about the artificial intelligence field in China.