After almost a decade of uneven progress, a broad-based global economic growth momentum is now in place. The current challenge is for the global economy to reach a comfortable cruising speed that can be sustained for the next several years.
“You only ignore China now at your peril,” said Gary Rieschel, founding managing partner of Qiming Venture Partners, and an investor with two decades of experience in China. “What’s going to happen when China innovation goes around the world? U.S. firms are going to struggle with that if they don’t have a good handle on it.”
The ranking placed China at No. 17, up five positions from 2017, and marking the first time that the Asian country finished in the GII's top 20. The U.S. was ranked sixth, down two positions from last year, while Switzerland topped the GII ranking for the eighth year in a row.
McCord pointed out the recent announcement of the creation of DoD’s Joint Artificial Intelligence Center, or JAIC, saying it is an effort that is significant to the department and the country. “Structurally, we know that AI has the potential to be an enabling layer across nearly everything,” he said, explaining it means countless applications in daily life and could affect all areas of the department.
With the creation of a White House Select Committee on Artificial Intelligence in May, the Trump administration unveiled its philosophical approach to AI innovation: The United States should lead the world, and the way to get there is by keeping any regulations at bay.
It’s when we give ourselves, and the people around us, the knowledge of how they innovate naturally and permission to flex their innovation muscles their way that you’ll get that sought-after culture of innovation that creates measurable results.
Some of the world's most celebrated businesspeople - think Elon Musk and Jeff Bezos - are being positioned in the media as prophets. And they may well be. They anticipate the future, they create for that future. In doing so, they end up deciding our destinies as well.
The editor of China’s Science and Technology Daily caused a stir last month when he described “the large gap in science and technology between China and developed countries in the West, including the US” and spoke of the obstacles China faces in catching up with more technologically advanced nations. It goes against the narrative of technological achievement trumpeted by Beijing, but he was right about how far China lags behind the US.
How can a seemingly rigid, rank oriented and historically bound institution like the U.S. military produce incredible innovation, nearly all from the lower ranks, while corporate America with high compensation, less hierarchy, and far better conditions struggles with creating effective internal innovation? The secret resides in four aspects -- the lack of fear, an action mindset, a combination of insight and initiative, and a duty to the historical legacy of success.
Western media has been quite critical of the Chinese miracle. The usual argument is that China has significant technology gaps, and that it has a long way to go before it can catch up with the West. But DJI is testament to China’s transformation from copycat to high tech innovation.