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.
In recent months, China has quietly given the United States a series of new “Sputnik Moments”--not as dramatic as a radio beacon from overhead, but just as significant as a challenge to American technological leadership. And as U.S. debates have focused on trade deficits and recovering manufacturing jobs, Beijing has achieved the scientific and technological feats that herald its arrival as an innovation superpower.
For many Russian students, the academic year started last Friday with tips on planetary domination from President Vladimir Putin. “Artificial intelligence is the future, not only for Russia but for all humankind,” he said, via live video beamed to 16,000 selected schools. “Whoever becomes the leader in this sphere will become the ruler of the world.”
“China’s Rise in Artificial Intelligence,” explains that the country is using AI to drive economic progress, and is therefore emerging as a major global contender in the field. Part of the reason for this is because both private industry and the government have identified machine learning and AI as the next major sources of innovation.
"DJI has done everything right," said Chris Anderson, co-founder of 3DR, which had been the No. 2 drone maker but has transitioned into an aerial software company, helping companies precisely capture images and data. "They've innovated. They have globally branded and distributed, which is unusual for a Chinese company."