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7 questions boards need to ask about artificial intelligence
How will changing technology standards affect our ability to commercialize technology in different markets? "U.S. companies have long enjoyed the benefits of being able to define the global standards for technology – setting domestic standards for things from USB ports to more complex tech which would then be exported globally; this conferred great competitive advantage for companies here," the WCD notes. "But the power has shifted. China is investing billions as a nation, coordinating and creating the standards for all tech and AI by 2030. In local industries and at the enterprise level, they are setting the stage for what it means to work and be competitive, and also setting the standards within critical infrastructure, energy, utilities, and transportation. All of this affects how companies in the U.S. will be able to take their products to market overseas."