US Tech Giants Look to AI as Key to China Entry
This week, companies including Google, Microsoft, and Amazon showcased their AI products at the state-backed World Artificial Intelligence Conference in Shanghai.
Despite tensions between the two countries and stiff competition between US and Chinese companies, it is said that the tech industry recognizes that a certain amount of collaboration is needed to achieve advancement in AI. US tech companies are also expected to capitalize on Beijing’s plans for a $400 billion AI industry within the next 6 years which could be their key to breaking into the world’s second largest economy.
Amazon and Microsoft have already revealed plans this week to to build new AI labs in China, while Google had been launching various AI products since last year, even though its search service is still blocked in the country.