China Can Quickly Catch Up to US AI, Says Venture Veteran
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China can match the US in artificial intelligence thanks to the expertise of companies from Alibaba to Baidu, joining a global tech transformation that will dwarf the mobile revolution, according to industry pioneer Kai-Fu Lee.American companies like Microsoft Corp. and Alphabet Inc. have the clear lead now, but much as it did in the early days of the internet, China will catch up through quick iteration from its private sector, said Lee. The bestselling author on AI, who founded Sinovation Ventures more than a decade ago, has been at the heart of China's growing adoption of the technology and backed some of its biggest startups in the field like Megvii and Meitu. Firms around the world are rushing to show off their latest AI creations since OpenAI Inc.'s ChatGPT demonstrated th...