Chinese tech startup, DP Technology, is taking bold steps by introducing artificial intelligence (AI) into molecular simulations. Founded in 2018 and also known as “Deep Potential,” the company believes that scientific research is crucial to its success. Unlike many Chinese tech firms, DP Technology proudly emphasizes its origins and aims to make a significant impact on the technology industry.
DP Technology focuses on scientific computing, using computer simulations to support technological development and scientific research. By combining machine learning and molecular simulations, DP Technology aims to improve the speed and accuracy of simulations, leading to problem-solving in the physical world. This approach sets DP Technology apart from the mainstream use of AI for generating text, images, and videos.
Sun Weijie, CEO and founder of DP Technology, explains that the traditional trial and error method in industrial development is no longer sufficient to meet the increasing demands for technological advancements. Rising consumer expectations for enhanced products year after year require a breakthrough in research and development to keep up with the fast-paced market changes. DP Technology seeks to address this demand by providing software, custom services for individual client needs, and conducting research and development processes.
The company’s unique business model, combining Software-as-a-Service (SaaS) and a service-based approach, has already gained popularity in China. DP Technology predicts that it will generate contracts worth nearly 100 million yuan ($14 million) by 2023, signifying significant growth compared to previous years. However, DP Technology faces fierce competition from well-established players such as DeepMind in Western markets.
Nevertheless, DP Technology remains optimistic about its plans for international expansion. The company plans to open an office in the United States and collaborate with a local distributor to promote its products and services. DP Technology aims to solidify its reputation in the global market by leveraging open scientific communities in scientific computing, such as DeepModeling, and actively participating in trade fairs.
However, DP Technology may face obstacles due to geopolitical tensions between the United States and China. Ongoing disengagement between these two countries, which includes various sectors, including scientific research, may pose a challenge. Nevertheless, Sun believes that basic science and bio-pharmaceutical fields are common to all humanity and relatively open and inclusive, making them resilient to geopolitical complications.
With strong financial support from well-known Chinese venture capital funds, DP Technology has good chances of achieving its goals for global expansion. While other Chinese tech companies may shy away from their origins during uncertain geopolitical times, DP Technology embraces its Chinese identity and aims to have a lasting impact on the technology industry through AI-based molecular simulations.
The source of the article is from the blog girabetim.com.br