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. The Chinese government has been pushing for a national AI strategy since 2013, but it is still unclear whether that will be enough to keep up with advances from Silicon Valley. "WeChat is processing seven billion photos a day – that's a massive, massive data resource," Tao said. "They will have an edge in image recognition."
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 processing seven billion photos a day – that's a massive, massive data resource," Tao said. "They will have an edge in image recognition."