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China’s Rise in Artificial Intelligence: Ingredients and Economic Implications

by Kai-Fu Lee , Matt Sheehan via Governance In An Emerging New World
Monday, October 29, 2018

After nearly four decades as the “factory of the world,”China today is stepping into a new role in the global economy: as a hub for innovative applications of artificial intelligence.According to one recent study by PriceWaterhouseCoopers, of the $15.7 trillion in global wealth AI is expected to generate by 2030, a full $7 trillion will occur in China alone.