What are the consequences of the progress in Artificial intelligence? Kai-Fu Lee knows the topic as well as a few others. The computer scientist had once set up the Google business in China. He now heads the Beijing-based venture capital company Sinovation Ventures and is on all Social Media channels to follow numbers in the millions.
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Before the great Compare, he does not shrink back. KI will trigger changes in how the electricity: “The most powerful companies in the world reinvent themselves, just as the AI company,” he said on stage at the Tech conference DLD in Munich. And also, Microsoft and Amazon means next to Google.
But only between companies in a tough betting is raging debate about who has the nose in front and is have. Also between the two largest economies in the world, the United States and China, running the race – and it is, says Kai-Fu Lee, has not yet decided. While he sees America, still slightly in the lead, brings the middle Kingdom is already strong and now even have some advantages, especially if it is going to earn with respective applications of money. Due to the size of the population in China, there are simply a lot more Internet users and thus more data. These extensive records are, in addition to faster computers is essential to train the artificial neural networks: “If data is the new Oil, then China is the new Opec.”
The leadership in Beijing has long established itself ambitious targets and high financial resources mobilised, in order to make China the leading AI Nation on the planet. Kai-Fu Lee, however, highlights that the Chinese success so far, thanks mainly to private capital and entrepreneurship – in allusion to, for example, Jack Ma, founder of Chinese Internet giant Alibaba.