10 Winning Factors Chinese startups will lead the AI space in the future
If you recall our previous video where we explored the reasons "Why American AI startups require billions in initial funding?". In this episode, we shift our focus. We will delve into 10 winning factors Chinese startups will lead the AI space in the future without the need for billions in funding.
The triumphs of companies like BYD, Huawei, Xiaomi, TikTok, Shein, Temu, Alibaba, Tencent, Baidu, and many others are not mere coincident. These unicorn companies possess shared characteristics that originate from the following 10 crucial areas. Allow me to dissect and present my analysis:
0:00 - Introduction
1:04 - 1. Governmental policies
1:40 - 2. Demographic benefits
2:42 - 3. Single market autonomy
4:06 - 4. State-of-the-art infrastructure
6:40 - 5. Abundant pool of STEM graduates
7:42 - 6. Diverse foreign policy
9:06 - 7. Principle of free market
10:44 - 8. Technological innovation and advancement
12:20 - 9. Comprehensive supply chain
13:59 - 10. Positive trade balance
The Chinese government has a clear understanding that to expedite national progress, there needs to be a harmonious synergy between all tiers of government, corporations, and the populace. This understanding is reflected in China’s accomplishments across various sectors such as space exploration, electric vehicles, 5G, social media, high-speed railways, drones, shipbuilding, and defense, to name a few. Artificial Intelligence (AI) is one of the primary sectors that China is emphasizing, acknowledging its potential to boost economic growth and fast-track China’s future evolution. These factors create a strong base for AI development and the rise of future AI 2.0 startups. This is why we see a surge of new AI startups receiving substantial investments, with the aspiration that some will become unicorns and expedite the overall AI development. Once these AI entities become leaders in their respective niches, these startups will first compete on a domestic level and then expand internationally to compete with other global AI entities. Given the economies of scale, Chinese AI companies have the advantage of lower costs to outperform their U.S. counterparts. This strategy has been proven successful with companies like Huawei, BYD, TikTok, and Shein, among others. It is expected that some of these AI startups will exhibit similar traits and take the lead in the future.
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Keywords: #ai #artificialintelligence #chinatechnology
China has spent years in creating an unparalleled social infrastructure and market economy to support startups in all industries, in particular AI. Today, China is one of the most suitable environments for innovation and technological advancement providing a robust platform to develop just about anything. Do you think that Chinese startups would lead the AI industry in the future just like EV, solar panel, 5G, and social media? Please tell us your thoughts down in the comment below. Thank you for watching!
Absolutely, AI models are based on the usage and China has 1.4 billion population as well as advanced infrastructure such as 5.5G. It's not difficult to figure out AI will be much more advanced than that of the US. Now it's a race of time and people!
China is a fantastic country to apply any kind of technologies due to the fact that it has a very large user base and advanced infrastructure making it an ideal test ground for AI.
There is no doubt that the cost of doing business in China is a lot less than that of the US and the outcome of AI products and services in the US just can not compete with its counterpart in China. This is just a fact and it's not difficult to see this in EV, solar panel, battery, and C919 etc.
Yes, the cost structure in China is very different than that of the US, and this is the inherit advantage of China.