iFLYTEK to boost AI investments

Voice recognition firm aims to accelerate the use of its artificial intelligence technologies

Chinese voice recognition firm iFLYTEK Co Ltd said it will step up overseas investments as the firm aims to accelerate the application of its artificial intelligence technologies in cars, e-learning and mobile internet industries.

Liu Qingfeng, chairman of iFLYTEK, said the company has set up a fund to invest into global startups and later-stage firms, as artificial intelligence, or AI, is widely seen as a core driving force over the next five to 10 years.