ina is racing to the forefront of the global artificial intelligence sector, with six domestic companies earning their place on a recent list of the top 100 AI startups in the world.
Released by venture capital database CB Insights, the list includes 23 startups headquartered ou
tside the United States, including six each from China, Israel and the United Kingdom.
Chinese companies SenseTime, YITU Technology, 4Paradigm, Face++, Momenta and Horizon Robotics made it onto the list.
CB Insights reported Chinese startups SenseTime and Face++, which focus on facial recognitio
n technologies, are the best-funded companies, followed by California-based tech company Zymergen.
A total of 11 startups on the list are unicorns, startups valued at more than $1 billion, among w
hich five are from China. SenseTime gained the top spot among those 11 with a maximum valuation of $4.5 billion.
With the blossoming of big data, cloud computing and i
nternet technologies, AI has become a new focus of international competition.
ALGIERS — China consolidated its position as the largest trade supplier of Algeria in 2018, according to a report by Algerian Customs on Saturday.
Algeria imported from China goods and services worth $7.85 billion in 2018, represe
nting 17 percent of the total import of the North African nation, the report said.
China has remained the top exporter to Algeria for the past six years, it added.
France is the second largest exporter to Algeria with $4.78 billion, followed by Italy ($3.65 billion), Spain ($3.53 billion) and Germany ($3.18 billion).
However, Algeria witnessed a 53.73-percent decline in its trade deficit to $5.03 billion in 2018, against $10.87 billion in 2017, said the report.
The decrease in trade deficit is the result of improved oil prices combined with the policy of
restricting import adopted since the beginning of 2017 by the Algerian government, the report said.
According to the report, the country’s exports amounted to $41.16 billion in 2018, up 16.98 percent from 2019.