Coolpad towards the AI Future
Coolpad, which was the first to launch the first CDMA-GSM dual-mode, dual-standby smartphone, has plans to expand in Silicon Valley with its attempt to build up its capabilities in artificial intelligence. The fresh investment of $300 million from Power Sun Ventures, which is the Shenzhen-based firm, will be used to expand its capabilities in artificial intelligence. Coolpad Group CEO Jiang Chao stated, “With this new investment, Coolpad aims to shift its focus from being just into mobile business to an AI-technology focused company. We plan to expand this by creating AI-focused applications across communications, health, education, and gaming.” Coolpad has always been a pioneer in the wireless communication-based industry. Back in those days from paging industry to becoming the innovator of dual SIM standby, dual camera, and dual storage, Coolpad has over 10000+ patents that are used all around the globe. They have over 6 R&D centers around the world, with over 3000 R&D experts. Coolpad made its presence in the Nepali market from February 2017 with its best-in-line products. Cool1, Nepal’s first smartphone with dual lens camera, was its flagship product for the year 2017. Along with that, Mega2.5D, Mega3, Note3s, and NX1 made their debut in the Nepali market.