China must take bold action to attract foreign trailblazers

Now it’s official: The world has two tech superpowers—the incumbent and the rising rival, emerging as separate and competing players.

The Economist cites the US and China as the two superpowers of artificial intelligence (AI), far ahead of the EU. Thomas Friedman, in his New York Times column, lays out in detail how China is catching up or has surpassed the US in the number of world’s largest publicly traded tech companies, cashless economy, AI and number and quality of engineers and scientists in the workforce.

Kai-Fu Lee of Sinovation Ventures, in his latest book and a recent op-ed piece in the New York Times, speaks of what China can teach the US about artificial intelligence. Eric Schmidt, former CEO of Google and executive chairman of its parent company, Alphabet, predicts that within the next decade there will be two distinct internets: one led by the US and the other by China.

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