Although the game between AlphaGo AI and legendary chess master Lee Sedol ended over a month ago, the event’s influence is opening doors for companies seeking to explain the significance of AI technology.

Fu Sheng, CEO Cheetah Mobile who predicted Lee would win the game, is one of them. At the company’s global media conference held Tuesday, Fu announced that Cheetah Mobile, the Beijing-based startup best known for its utility apps, is going to open a robotics division with a $50 million USD investment designated for artificial intelligence development. Fu says he is going to lead the team himself.

“AI technology is maturing and there’s no doubt that human labor is going to be replaced by robots”, he said, adding that deep learning and AI will offer a chance to bypass competitors and disrupt the industry landscape.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.