Alibaba is using “City Brain”, an Artificial Intelligence system, to help ease traffic flow in Hangzhou. Meanwhile, an AI town has been established next to Alibaba’s headquarters and indicates Hangzhou’s plan to lead the fourth industrial revolution within China.
The geo-political rivalry between the US and China has expanded into the geo-technological realm. The race for AI dominance and digital economic sovereignty has the potential to dramatically reshape the global balance of power.
In January 2010, Google shut down its Chinese search engine. In August 2018, the Twitter account of the People’s Daily announced that: “Google is welcome to the mainland, but it’s a prerequisite that it must comply with the requirements of the law.”
A Chinese start-up claimed to have developed an original web browser Redcore totally on its own and thus to have broken the US monopoly in this area. However, some Chinese engineers found that the browser was actually heavily based on Google’s Chrome browser
China has ambitions to build a modernized economy that is integrated into the Internet of Things, Artificial Intelligence, and big data. The smart cities ambition is likely to be a subset of such ambitions.
Given that speculative bubbles have long affected markets around the world, bitcoin is hardly the first object to have this gulf between its intrinsic value and market value. Indeed, the world of art is ripe with objects presenting this same phenomenon.
Blockchain technology has excited corporations, entrepreneurs, and governments with its promise of improved efficiency and security for a wide range of economic, social, and even political applications.
Some in the intelligence community and private sector solutions providers are advocating artificial intelligence as a solution to resolving cyber security vulnerabilities. Artificial intelligence can greatly improve human capabilities in cyber security.