Rapidly advancing automation technologies like computer vision have enormous potential for dramatic societal impact, and need to be applied with caution. Facial recognition is one of the most scrutinized examples today of applied computer vision.
Insights from our first Assessing China program in industrial IoT, and how startups can accelerate business development in China. Comet’s Assessing China program for Industry 4.0 startups had a simple goal — bring the top AI/robotics startups in a specific industry to China to meet with leading companies and de-risk go-to-market partnerships for both sides.
Over the last half century, China has evolved into a manufacturing powerhouse, maintaining the title as the world’s greatest exporter since 2009. But the low-wage and high-savings business models of China’s manufacturers is now proving to be insufficient in competing with advanced economies across the globe.
Technology companies face a difficult decision right now: enter China to catch expansion opportunities before it’s too late, or wait to see how market dynamics develop? It’s a daunting challenge for a company to do alone. Perhaps the question then should be: who’s already established in China that can help simplify the process?
China is a bit of a black box when it comes to entering as a foreign business, and as a founder and investor I’ve seen a couple companies — specifically startups — get messed with. In China, no one messes with Legend. It’s only logical to choose manufacturing as our first industry-focused Assessing China program.
While the conversation around electric vehicles (EVs) in the United States tends to be dominated by Elon Musk and Tesla, it’s really only the tip of the iceberg when it comes to the broader…