Daily Review: China's Fourth Industrial Revolution Will Be Powered by AI

AI will become one of the most defining technologies across industries, and the nations that get it "right" are bound to break to the next level of economic and social development. The US and China have been at a race to harness the potential that the application of artificial intelligence holds for the national economic environment and international competitiveness. There are a number of societal and organizational characteristics that China possesses that might put it at an advantage in the development of advanced AI. The first is China's particular brand of socialist market economy gives the government a significant amount of control and involvement in market forces. Not only does this mean Beijing can push for over-the-horizon innovation where market forces would typically fail, but it also has created a unique level of cooperation between Chinese tech companies and the government.