Chinese start-ups using artificial intelligence to help doctors diagnose cancer are fighting for survival due to tougher government regulations and tighter funding.
More than a dozen companies that use machine learning and image recognition to tap a huge need for accurate medical diagnoses in China raised $142m in venture capital and private equity funding in 2017 and 2018, according to KPMG.
That represented a quarter of global investment in the sector over that period, underlining how image recognition has emerged as a strength for Chinese tech companies, which are often better at applying AI than making breakthroughs.
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