Is China leading the way in the AI revolution? | Techsauce

Is China leading the way in the AI revolution?

The power and rise of SenseTime which is focusing on developing facial recognition technology are now the worlds most valuable and sought-after Artifical Intelligence startup.

There is now a race between China and America as both are powerhouses in terms of business, technology innovation and of course capital to be the force behind AI's mark on the world.

China's powerhouse and leading e-commerce giant, Alibaba has recently invested $600 million in SenseTime, which has increased its value to $4.5 billion. 

As this revolutionary company opens its doors to the Chinese consumers, with its mass numbers of a population, the adoption of its facial recognition application could spread like wildfire across the nation.

China's government has become very involved in the AI boom by courting global investors, chipmakers and AI researchers and will be aiming to turn the AI industry into a $150 billion sought-after commodity by 2030.

It's important to stress that AI is the third era of computing and not just a tech trend. Everything we do in the future will be depended on AI. 

So what is holding America back? Isn't America leading the way in AI? As we have seen with the Trump administration, they are making it more difficult for AI specialists to enter the country and contribute to the overall process that AI is dependant on.

It's clear that the Trump administration is taking a step back from the world stage and is potentially 'cutting its nose off to spite its face'.

With China's manpower and a population of nearly 1.4 billion, this country is strategically strong enough to make these giant leaps in the development of humanity. They have collected enough data to restructure the manufacturing industry, military developments and even the retail industry.

This country really is becoming a force to be reconned with and can definitely become the front-runner in changing society through the implementation of AI.

It's pretty simple. By 2020 the Chinese will have caught up (to the U.S). By 2025 they will be better than us. And by 2030 they will dominate the industries of AI. Just stop for a sec. The [Chinese] government said that." – Eric Schmidt, president of Alphabet

RELATED ARTICLE

Responsive image

SG FINTECH 2021: Mike Shinoda from Linkin Park on Web 3.0 and NFTs

In a conversation with Mike Shinoda of Linkin Park, he discussed the activism in helping other artists and empowering the community during COVID-19, as well as his history with blo...

Responsive image

GIZTIX Backed Series B Funding Deal Value Total 10M USD Co-led by Bualuang Ventures and WHA

Bualuang Ventures joins WHA Group to become the main investor in the Series B funding round of 'GIZTIX', a Thai startup that provides a digital platform for e-Logistics, with total...

Responsive image

MAS and Industry to Pilot Digital Platforms for Better Data to Support Green Finance

The Monetary Authority of Singapore (MAS) announced today that it will partner the industry to pilot four digital platforms under Project Greenprint, to address the financial secto...