Brief: Why China may overtake US in AI, argues Chinese investor Lee Kai-Fu

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In short:

• Prominent Chinese tech investor Lee Kai-Fu (view his portfolio here) thinks China could overtake the US in certain areas of AI, such as self-driving cars and facial recognition.
• That’s because the Chinese government is able to pass and implement tech-friendly regulations quickly. There’s also more social acceptance of AI.
• This results in mass deployment of AI, which then creates a cycle where more data leads to better deep learning systems.

Our take:

• While friendly governments can accelerate AI improvements, not all AI applications require government approval.
• Google, Facebook, Apple, and Amazon all possess the ability to harness large datasets to improve their neural networks, which means they’ll stay relevant in the AI race.

Source: The Information