China is leading the global race for supremacy in artificial intelligence and financial technologies, a professor at one of the country's top universities says, as the private and public sectors join forces to capture the next big waves of innovation and pump vast resources into the industry.
"Research institutes, universities, private companies, and the government all working together in a broad area . . . I haven't seen anything like it," says Steven White, an associate professor at Tsinghua University's School of Economics and Management. "China is committed to becoming leader in AI, and the U.S. will lose because they don't have the resources."
White says Beijing focuses on aligning various institutions, rather than taking a top-down approach. The government supports growth with favorable policies and funding in basic research.
White earned a doctorate from Massachusetts Institute of Technology before moving to Tsinghua in 2010. Tsinghua already rivals MIT in the number of patents granted in the U.S., an indication of China's strength in "knowledge output," White says.
From Nikkei Asian Review
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