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This includes food delivery, massages, bicycling, bus tickets, and pretty much anything else. Chinese consumers are increasingly using their mobile phones through WeChat to pay for real-world items. Yet, the quality of the data is also better than ever before. In contrast, on the consumer side (Alibaba and Tencent), things move quickly and there is a lot of data.Ĭurrently, China possesses more data than the US. Digital China’s business sector is underdeveloped and progresses at a glacial pace. And China has an abundance of data, particularly on the consumer side.ĭigital china and the consumer side are what matter most. It becomes even more crucial when you have more capacity at your disposal. Yet, having more data becomes critical once you have a sufficient number of engineers. Successful AI algorithms need a lot of data, computers, and skilled AI developers. StoryShot #2 China’s Data Advantage Will Be Crucial In AI This creates opportunities and services that seem science fiction to many.

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In China, the online and offline worlds are intertwined. The Asian country now also dominates other aspects of digital infrastructure. It has surpassed the West in terms of internet use and online payments. China now has access to vastly greater amounts of finance, data, and people resources. He says it’s increasingly harder for Silicon Valley to maintain its lead. It also has a pool of highly qualified AI researchers and more data than any other country. It has an unwavering entrepreneurial spirit and government regulations that encourage innovation. Lee argues China has everything it needs to become a global leader in AI. It’s now about applying prior study findings to businesses and sectors. US’ cutting-edge AI researchers no longer produce substantial AI gains. He believes China has an advantage in execution. StoryShot #1: China Is Well Positioned For AI’s Deployment EraĪccording to Lee, we’ve passed the discovery phase of AI and are now in the implementation phase. As a corporate executive, he mused on the two tech giant forces of the 21st century. Lee, a researcher and a practitioner, offers a unique perspective on the AI revolution. Lee feels that if only Google had stayed focused on the Chinese market, it could have gotten its own piece of the pie.

A few months later, Google closed its China headquarters. He left in September 2009 to found Sinovation Ventures. When he was CEO of Google, between 20, the American corporation had a brief success in China. He earned a PhD in Computer Science from Columbia and Carnegie Mellon. Born in Taiwan, he emigrated to and studied in America. Lee was born in Taiwan to Chinese parents. He then founded Sinovation Ventures, a fund management firm focusing on China Internet businesses. Kai-Fu Lee is a prominent computer scientist who worked at Apple, Microsoft, and Google.

Lee also warnds the possibility for governments and companies to use technologies in unethical ways.īelow we compiled the key ideas presented in the book. He points out there is no guarantee an AI system will work as intended, especially when it comes to weapon technology. Lee also explores the negative aspects of AI and its potential to harm humanity. In fact, he argues Western entrepreneurs have been less willing to take risks since the 2008 financial crisis. On the contrary, he believes China’s entrepreneurs are more innovative. Lee also disproves the widely held idea that Chinese entrepreneurs lack originality. As a result, the U.S.’ lead in the elite AI race appears less significant than previously thought. Moreover, the central government is aiming to make China an AI superpower. The more data a system has, the better it will function. He believes Chinese AI firms are well-positioned, driven by its wealth of data. Meanwhile, Lee is confident about China’s chances in the AI race, despite the U.S.’ present lead. This is largely because it is going through some of the same growing pains that slowed Japan and South Korea in their paths to becoming tech powerhouses. currently hold’s the title as world leader in AI, but Lee says it is already slipping behind its competitors. In “AI Superpowers,” author Kai-Fu Lee explains why he thinks China will be the next tech innovator, thanks to a confluence of factors. If you don’t already have the book, order the book or get the audiobook for free to learn the juicy details. Has AI Superpowers been gathering dust on your bookshelf? Instead, pick up the key ideas now.

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