If you've been paying attention in the past year, it seems that all anyone can talk about is the coming artificial intelligence boom on the horizon. Whether it's the Amazon, Google, or Facebook, everyone seems to be getting in on the AI game as fast as they can. And with good reason--they're having to play catchup with the rapid growth of artificial intelligence in China. For the past few decades, China has developed a reputation as being the undisputed source of manufacturing for a whole host of well-established Western companies. Whether this bred Western complacency is debatable, but what is indisputable is that China has been diligently laying the groundwork to breakout into the tech world in its own right--with the power to start calling the shots on the world stage.

Sitting on a stage in Wuzhen, China, a historic city up the river from Shanghai, Google chairman Eric Schmidt described what he called "the age of intelligence." He trumpeted the rise of deep neural networks and other techniques that allow machines to learn tasks largely on their own, either by finding patterns in vast amounts of data or through their own trial and error. At Google, using a sweeping software tool called TensorFlow, engineers have built deep learning systems that can identify faces and objects in photos, recognize commands spoken into smartphones, and translate one language into another. Schmidt called this the biggest technological change of his lifetime. Then he mentioned China's three largest internet companies: Baidu, Tencent, and Alibaba.

Sitting on a stage in Wuzhen, China, a historic city up the river from Shanghai, Google chairman Eric Schmidt described what he called "the age of intelligence." He trumpeted the rise of deep neural networks and other techniques that allow machines to learn tasks largely on their own, either by finding patterns in vast amounts of data or through their own trial and error. At Google, using a sweeping software tool called TensorFlow, engineers have built deep learning systems that can identify faces and objects in photos, recognize commands spoken into smartphones, and translate one language into another. Schmidt called this the biggest technological change of his lifetime. Then he mentioned China's three largest internet companies: Baidu, Tencent, and Alibaba.

It's up for debate whether AI can master the subtleties of language, thought, and reason all within the next 14 years. One of the greatest hurdles for machine learning is grasping social interactions. Many AI systems today are still less capable (cognitively speaking) than a 6-year-old. Frey trusts 14 years isn't too generous a timeline for the technology to ramp up, given how quickly technology innovation builds on itself. The internet was just beginning to enter a lot of people's homes 14 years ago, in 2002.