China has stepped up efforts to work with American businesses in a bid to acquire advanced technology, part of a drive to become a leading technology-innovation power. “China is pushing to further deepen technology collaboration with U.S. business and academic institutions as part of a national effort to transform its economy, including by putting China at the leading edge of global technological innovation...
Alibaba Group Holding Ltd. is putting a lot of cash behind its goal of serving 2 billion customers and creating 100 million job opportunities over the next two decades. The Chinese e-commerce giant -- which already has around 25,000 engineers and scientists on its staff -- announced today its plans to spend $15 billion on research and development over the next three years.
Speaking at the opening reception of the 2017 GeekWire Summit, Baidu president Ya-Qin Zhang discusses the Chinese search company's new office in Bellevue, Washington outside of Seattle and their push into AI and the public cloud.
Baidu is known primarily as a search giant in China, but the company, which just opened in office in the Seattle area, is putting its full weight behind artificial intelligence and its ability to change countless industries.
A close China watcher said here Tuesday that if China keeps its current pace in innovative industrial development, the innovative activity share in its total output will likely surpass that of the United States in about 18 months. Daniel Rosen, founding partner of Rhodium Group, said at a forum at Asia Society that in the second quarter of 2012, innovation accounted for 30 percent of total Chinese output, while today the share has come up to around 34 percent.
President Donald Trump's economic policies are causing the U.S. to fall behind China in the tech sector, according to a Saxo Bank analyst, who said the current government does not have the "ability of seeing the world changing." Steen Jakobsen, chief economist at Saxo Bank, said much of the policy that Trump has enacted or talked about is "negative" and "actually against productivity."
Apple contributes 50% of Imagination’s annual revenue. Losing Apple as a client forced Imagination to put itself up for sale last June.
The internet revolution in China saw companies design products and services to solve social issues in the world's second-largest economy. Now, businesses are working to innovate in more hardcore technological areas such as artificial intelligence, according to a leading investor.
President Trump’s action was not unexpected in the United States.
President Donald Trump blocked a Chinese-backed investor from buying Lattice Semiconductor Corp., casting a cloud over Chinese deals seeking U.S. security clearance and spurring a call for fairness from Beijing. It was just the fourth time in a quarter century that a U.S. president has ordered a foreign takeover of an American firm stopped on national-security concerns.