Lee argues that success in the era of artificial intelligence hinges on the ability to gather and effectively apply data. The performance of an artificial intelligence system often surpasses that of systems designed by leading AI professionals as it is enhanced by incorporating additional training data. China's internet user base exceeds that of the United States and Europe combined, and these users are more actively engaged in online activities that yield valuable data for AI technologies.
The internet behemoths from the United States excel in gathering data from our digital footprints, such as search records, network of friends, and likes, while their counterparts in China are also proficient in amassing detailed data regarding our real-world interactions. This includes every purchase made with a cell phone, every meal delivered, every bike ride taken, and even every doctor’s appointment booked online. The improvement in the training of AI-driven products is largely attributed to the incorporation of information gathered from real-world situations. For example, this enterprise accumulates extensive real-time insights on the flow of city traffic across China, data that is crucial for the creation of systems intended for self-driving cars. Meituan is evolving into a preeminent force in artificial intelligence, leveraging its wide array of platforms for food delivery, ticket sales, and hotel bookings that together amass a wealth of data on consumer behavior in China.
Lee underscores the tactical initiatives undertaken by China's leadership to cultivate the expansion of a technologically driven economy. China's leadership has enacted policies nationwide to attract investment and know-how, recognizing the vast potential that artificial intelligence offers. In 2017, the Chinese government announced an ambitious plan aimed at establishing itself as the world leader in artificial intelligence by 2030, incorporating clear benchmarks and strategies for progress. The central government's pronouncements have ignited a wave of action among regional leaders throughout the nation. Regional authorities are vigorously providing significant enticements and advantages to attract enterprises and experts specializing in artificial intelligence into their areas, with the goal of achieving the aims of the national agenda and outperforming their peers in the governmental arena.
The advantages include significant funding for local businesses, tax incentives for research activities, and formally mandated contracts for the delivery of services utilizing artificial intelligence technology. It is a flood of top-down incentives that has led to massive spending and almost certainly some waste, but Lee contends that this approach will also have the impact of...
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Kai-Fu Lee acknowledges that the United States continues to hold an advantage in the realm of elite AI knowledge. The United States has long been a magnet for global talent, drawing in exceptional minds from across the globe to its academic and technological sectors, among them Nobel laureate in Physics Enrico Fermi and modern specialists in sophisticated neural network technologies. The researchers are free to pursue their scholarly goals, supported by a strong infrastructure that provides ample resources for financial backing and entrepreneurial activities.
The author argues that specialized knowledge alone will not be the key to success during the age of artificial intelligence. China is adept at fostering a multitude of unsung innovators...
Lee perceives the greatest danger associated with artificial intelligence to be not the takeover by machines, but rather the widespread joblessness that will result from automation driven by AI. Kai-Fu Lee believes that the impact of artificial intelligence on future developments will occur at an astonishing pace and scale, which is frequently overlooked by many economists and techno-optimists in Silicon Valley, who often regard it as an unfounded worry. The expected growth of AI technology is predicted to unfold at a pace surpassing that of the Industrial Revolution, an era characterized by the necessity to physically produce, market, distribute, and upkeep solid equipment like steam engines and textile machines. Digital algorithms can be disseminated immediately and improve continuously...
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Lee presents a persuasive argument for transforming the international conversation and standards concerning the domain of Artificial Intelligence. Discussions among American policymakers and commentators frequently depict the advancement of this technology as a competition, emphasizing the importance of maintaining supremacy and the potential repercussions if the United States were to cede its forefront position. Kai-Fu Lee believes that viewing these comparisons as strictly win-lose scenarios fails to address the true issue of importance. In certain areas such as robotics, digital services, and facial recognition technology, China is on the brink of overtaking the United...
AI Superpowers