By Fei Xie
Baidu kicked off its annual Artificial Intelligence (AI) Developer Conference at the National Convention Center in Beijing from July 4 to July 5 local time. On the conference, Baidu released four significant announcements including the volume production of it autonomous bus, the Kunlun chip for cloud computing, the Baidu brain, and the Mini program.
Some business commentators point out that Baidu is the most important processor for the AI field in China, the 2017 Baidu Conference enhance the overall AI industry's stock. They believe the whole industry's stock would be boosted again after the 2018's Baidu AI Developer Conference.
According to the data from the Securities Times, since July, A shares have been sunk with AI sector stock, but there are several AI stocks surges as well. These stocks include the DHC Software CO.Ltd, which has been up about 5.93 percent, the Shenzhen Goodix Technology Co., Ltd., which has moving upward to close at 4.45 percent, and the Shanghai CSG Smart Science Technology Co., Ltd., which increased by 4.1 percent.
Besides, the public companies in the AI field have all performed well. It is noteworthy that 40 companies have released their performance reports and suggested that their net profits have been increased by more than 50 percent, according to the data from the Securities Times.
For the capital aspect, there are numerous capitals include big companies, hedge funds, and individual investors who invest in AI companies. According to the data from the China Securities Journal, the Inspur Electronic Information Industry Co., Ltd received more than $100 million in funds, DHC Software CO.Ltd accepted $68million in funds, and the Shanghai CSG Smart Science Technology Co., Ltd., obtained more than $47million in funds.
For future invest strategy, the Orient Securities point out that government supports the development of the AI companies, and at the same time, firms and companies collaborate to build a robust AI ecosystem.
