The rise of Silicon China
China has a chance to lead in AI because it has managed to adopt new technologies very quickly In the future, if not already, the Silicon Valleys of artificial intelligence (AI) will be in China. Alibaba, China's e-commerce giant, is based in Hangzhou. And Tencent, a multinational conglomerate that is investing heavily in AI, is in Shenzhen. Tencent already has a market capitalisation higher than General Electric, and Baidu is larger than General Motors. China has a chance to lead in AI because it has managed to adopt new technologies very quickly. Just as millions of consumers in India went directly from no phones to smartphones – skipping landlines and flip phones altogether – Chinese consumers are now doing the same, and across a wide range of new technologies.
Apr-8-2018, 01:13:11 GMT
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