China Volition Win The A.I. Race, According To Credit Suisse

From CNBC, March 22:

• China volition live number ane inward artificial news due to the country's lack of "serious law" most information protection, said Dong Tao, vice chairman for Greater PRC at Credit Suisse Private Banking Asia Pacific.
• But, at approximately point, tighter information privacy laws volition live introduced inward PRC too, Tao said.
• It would live a challenge for regime to ease protecting the privacy of tech users too non pain the sector's growth, he added.

The 2 largest economies inward the basis are dominating global query too evolution inward the artificial news field, only China is probable to emerge the winner, according to Credit Suisse.

That prediction was based largely on ane reason: PRC lacks "serious law" most information protection, which gives companies pretty much complimentary rein to educate their technology, said Dong Tao, vice chairman for Greater PRC at Credit Suisse Private Banking Asia Pacific.

At present, PRC lags U.S. inward every surface area of AI evolution — hardware, query too algorithm, too manufacture commercialization — except large data, according to a recent Oxford University report.

"I'm non proverb Chinese companies are ameliorate than American companies, I'm non proverb Chinese engineers are ameliorate than American engineers. What volition brand PRC live large inward AI too large information is: PRC has no serious constabulary protecting information privacy," Tao told reporters Th at the Credit Suisse Asian Investment Conference inward Hong Kong piece explaining his telephone telephone for the East Asian giant to conk the pinnacle thespian inward AI.

"WeChat is processing seven billion photos a hateful solar daytime — that's a massive, massive information resource. They volition accept an border inward ikon recognition," he added.

The comments past times Tao, a well-known PRC expert, came inward the wake of increasing legal backlash over information too privacy issues inward approximately countries. Facebook, for example, has come upwardly nether regulatory scrutiny for the mode it handles user data.

Chinese applied scientific discipline companies won't live spared either, Tao said, explaining that tighter information privacy laws would live introduced at approximately point. And it would live a challenge for regime to ease protecting the privacy of tech users too non pain the sector's growth, he added....MORE