With China Emerging as AI Giant, US Could Engage in ‘Tech Denial’
26 March 2019 12:00 AM IST
Chinese quest for global tech leadership will neither be smooth nor go unchallenged.
- Kai-Fu Lee, author of ‘AI Superpowers: China, Silicon Valley, and the New World Order’ – an eminently readable and well-researched book – notes that China pumped-in 48 percent of the total global investment in AI (Artificial Intelligence) startups in 2017.
- Speaking at the World Economic Forum in September 2014, Premier Li Keqiang introduced China’s new policy of ‘mass entrepreneurship and mass innovation’.
- The Chinese government knows that a part of funds may be wasted, but hopes to spark an innovation competition among cities, researchers, and enterprises, through a massive cash infusion.
- Its policy of ‘innovation with Chinese characteristics’ both facilitates and stunts R&D.
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