Hangzhou's Tech Landscape: New Challenges for Startups

A year ago, the Unitree robot in kickboxing created a buzz on social media. However, this year, Hangzhou's latest tech ventures, including the 'New Eight Steeds', have failed to make a similar impact. These companies span fields like smart glasses and graphics processing units. These startups face significant challenges in attracting attention and funding, as the market appears saturated with new technologies. Amid increasing competition, these companies must find innovative ways to engage investors and customers. The shift towards open-source AI reflects changes in how technology is being developed.