China 's lack of any " serious law " on data protection means it 's likely to beat the US in the race over global research and development in the artificial intelligence ( AI ) sector , said Credit Suisse . Tao noted that the market capitalization of Tencent, for example, jumped from 105 billion Hong Kong dollars ($13.38 billion) in 2007 to 3.86 trillion Hong Kong dollars ($491.57 billion) 10 years later. Chinese firms are no better than their US counterparts but they have a freer rein to develop AI , said Dong Tao at Credit Suisse Private Banking Asia Pacific . " WeChat is generating seven billion photos a day – that 's a massive , massive data resource , " he said . " They also have an edge in image protection . "
China 's lack of any " serious law " on data protection means it 's likely to beat the US in the race over global research and development in the artificial intelligence ( AI ) sector , said Credit Suisse . Chinese firms are no better than their US counterparts but they have a freer rein to develop AI , said Dong Tao at Credit Suisse Private Banking Asia Pacific . " WeChat is generating seven billion photos a day – that 's a massive , massive data resource , " he said . " They also have an edge in image protection . "