Summary #920

China throws its weight behind A.I. and blockchain as it aims to be the world’s tech leader

cnbc.com
  • China wants to lead the world in terms of several most promising technologies -- AI, blockchain, fintech, and 5G networking.
  • The state plans to make their AI industry worth $147.7 billion by 2030, and they’re already the first country to roll-out countrywide AI systems.
  • In terms of mobile payments, they are already leading the world, since cash and credit cards are already a thing of the past in China.
  • Additionally, three out of 5 top smartphone vendors are Chinese, and the government plans to invest heavily in blockchain.
  • Lastly, China turned 5G networks on ahead of their 2020 date, and will account for the most 5G connections by 2025, more than North America and Europe combined.

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