Financial Times: AI Arms Race

With algorithms increasingly controlling large systems, China and the United States compete to lead in big-data advances expected to contribute to prowess in technology, finance and national security. Leaders in the industry have access to advanced algorithms, specialized computing hardware and streams of reliable data. Startups in both nations develop technologies around facial recognition, trend analysis and other tasks. “Machine learning systems that can find patterns by analysing large data sets are at the cutting edge of today’s artificial intelligence,” report Louise Lucas and Richard Waters for Financial Times. “For some industries, deep learning – the most advanced form of the technology – has the potential to create value equivalent to as much as 9 per cent of a company’s revenues, according a report in April from McKinsey Global Institute.” The United States can no longer take its technology expertise for granted, but US immigration policies are blocking tech firms from hiring the top talent, so companies like Google and Microsoft are opening research centers in China. China has advantages in the race to control big data including few regulations and a large population online with less direct control over privacy. – YaleGlobal

Financial Times: AI Arms Race

China and the US compete to dominate big data – and Beijing plans to be the world leader in the technology by 2030
Louise Lucas and Richard Waters
Tuesday, May 1, 2018

Read the article about the race to master big data.

Louise Lucas covers tech in Asia for the FT.   Richard Waters is the FT’s west coast editor, based in San Francisco. He leads a team of writers focused on tech in Silicon Valley. He also writes widely about the tech industry, and the uses - and impact - of technology. Current areas of interest include artificial intelligence, and the growing power of the leading US tech platforms.

Copyright The Financial Times Limited 2018. All rights reserved.

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