“But as they expand farther into regions like the Middle East, and nations like Mexico and Brazil, the challenges become less transparent…That includes securing tax services, managing suppliers, navigating FX exchanges to minimize charges and working through VAT systems with different rules governing them. According to Oxford University data, as of 2017, the largest overall…
Tag: china
Report: Whichever country claims AI supremacy this decade will rule the Earth
“Economists appear to have reached a general consensus that artificial intelligence is among the four great “general purpose technologies” to come along since the 1800s. Gill argues that AI, like steam power, electricity, and information systems technology, will directly impact the way business is conducted at the global scale by 2030.” https://thenextweb.com/artificial-intelligence/2020/01/21/report-whichever-country-claims-ai-supremacy-this-decade-will-rule-the-earth/
China’s AI Industry to Top $30B by 2022: Report: Chinese Institute of Electronics- PingWest
“China is playing a leading role in computer vision and language recognition, which is expected to boost the industry to more than $8 billion by 2022, the report says. By the end of 2018, there were more than 1.9 million new AI professionals over the world, half of whom were from the United States. Additionally,…
China’s Financial Services Industry Is Banking on AI
“In 2018, Chinese financial institutions invested about CN¥160.4 billion (US$23 billion) in technology, an increase of 10 percent over 2017, of which AI hardware and software-related investment accounted for 10.4 percent. The banking industry was the biggest investor in AI-related applications, accounting for 70 percent of all market purchases.” https://www.google.com/amp/s/syncedreview.com/2020/01/04/chinas-financial-services-industry-is-banking-on-ai/amp/
U.S. government limits exports of AI software
“The Trump administration took measures on Friday to crimp exports of artificial intelligence software as part of a bid to keep sensitive technologies out of the hands of rival powers like China. Under a new rule which goes into effect on Monday, companies that export certain types of geospatial imagery software from the United States…