Move over Harvard and MIT–this university might be winning the AI race
fortune.com
fortune.com
https://companiesmarketcap.com/
A more likely explanation is that articles like this are put out to justify not investing in American education, or hiring Americans
Also the contribution by Chinese nationals to AI innovation in America is massive.
The US sanctions on China’s access to technology like Nvidia chips has stimulated creativity and determination in China. This while withdrawing research funding in the US, and making it very unattractive to foreign students to study in the US.
Almost all the open models we get to play with are from Chinese companies, not US or European.
I’m just mentioning all this so you can pull your head out of the sand and understand what’s happening. You can choose to call this psyops and refuse to take any company seriously that doesn’t have an enormous market cap, that’s your right entirely.
Now let’s take make some comparisons. Tencent has done really well for itself by leaning into innovation and focusing on non-US markets. But companies like Huawei and TikTok run into issues because they try to tap into sanctioned markets, or the surveillance-entertainment industry. Companies that do well focus on non-Western markets, and some Chinese companies still make the list of consumer magazines in western markets, so their products get sold, regardless. So there’s huge potential here to develop a home grown industry in consumer electronics and devices, which still need many areas of innovation. Even if you filter out the western countries, you have 20-25T (that’s a T!) market to tap into based on some rough estimates of consumer spending.
My question is a simple one: if my country has top talent, why would I want it to go elsewhere, and not work in my country? I’d retain it instead for building a strong economy, improving home industries, and depriving my detractors of my home grown talent. Youth unemployment is really high in China right now. Why not fund some startups, or whatever to get folks into building and selling shit. Again, western markets aren’t the only ones with money to spend.
Maybe the answer is geopolitical, that it’s better not to waste your time building things at home. Just go somewhere else where you tap into an industry that’s not going to face issues with whatever you sell. Or the answer is that you can fool your detractors into replacing their home grown talent with yours. So, it kind of subverts the whole “immigration causes brain drain” thing. Now that’s a real innovation.