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Artificial
intelligence (AI) has grown into a hot spot industry in recent years,and it has witnessed an increasing number of start-up projects and
expanding financing. However, the prospering trend in the field may hit a
wall in 2019.
According
to a white paper regarding the AI industry released last July by the Beijing
Municipal Bureau of Economy and Information Technology? China is home to 4,040
AI companies at present. However, 70 percent of the firms have failed to
receive venture capital (风险投资).
In
this regard, it's fair enough to say that this year might bring about a cold
winter for the industry, at least for those selling "fake" AI
technologies.
"It's
becoming hard for AI technologies to be applied in the market and 90 percent of
the start-ups in this industry may fail if proper fields of application are not
found," said Ai Yu, Managing Director of China Everbright Limited, a Hong
Kong-based financial services company.
Experts
said that AI will see a larger application in people's work and life this year,and core sectors such as AI chips will become more and more
professional, making it difficult for entry into this industry.
Large
numbers of AI start-ups have been popping up in China, and some of them are
leading the world in facial recognition,autopilot
and natural language interaction, said Liu Jiong, chairman of the board of
Lanting Capital, a cross-border, medical focused strategic consulting and investment
firm.
However,
there still are many AI firms that haven't found proper methods to make, money,
which is an issue that the Chinese AI industry must face in the future.
"Given
the current money shortage in the capital market, a large number of companies
will be gradually knocked out because of their relatively weak technical
strength," said Liu Wanqing, venture partner of DayWin Asset Management.
According to him, those backed by powerful technologies are expected to embrace
sound development.
Insiders
noted that more and more companies were calling themselves AI firms with the
inflow of large amount of money into the AI industry, but it still couldn't
hide the fact that many of them were knocked off. Blindness and aimless
investment would only hold back the healthy development of the industry, and
the only way for sustained development is to smash the "bubbles"
first.
(1)
What does the underlined expression "hit the wall" in paragraph 1 mean?
A . Come to a stop.
B . Experience difficulties.
C . Grow into a popular industry.
D . Expand financially.
(2)
Which is the issue that the Chinese AI industry must face in the future?
A . Large numbers of AI companies have been appearing in China.
B . Some companies are leading the world.
C . AI firms haven't found proper methods to make money.
D . A large number of AI companies will be knocked out.
(3)
Which companies are likely to have a better future?
A . Companies with powerful technologies.
B . Companies with large investments.
C . Leading AI companies.
D . Sustained developing companies.
(4)
What's the best title for this passage?
A . The development of Chinese AI technology
B . China be home to many AI companies
C . Chinese AI companies face a cold winter
D . The future of Chinese AI technologies
答案: B
C
A
C