Only four Chinese developers are included in the world’s top 100 AI apps from private firms by annual recurring revenue.

China’s start-up developers of artificial intelligence applications significantly lag behind their US counterparts in global recurring revenue, making overseas expansion the default strategy for these mainland firms, according to a new report. As of August, only four of the world’s top 100 AI apps from private companies by annual recurring revenue (ARR) were Chinese, according to a report jointly released last week by domestic research firm Unique Research and San Francisco-based consultancy…

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