Pundit predictions of China’s demise are the latest self-consoling illusions of a lazy elite who can’t see the AI writing on the wall.
A generation from now, the Chinese won’t remember the misery of Ant Financial, or the failure of property giant Evergrande, or this year’s power shortage, or any number of minor interruptions of the Fourth Industrial Revolution. They will remember automated warehouses, smart ports running on 5G networks, mines operated by remote control, factories run by self-programming robots and driverless taxis.
All of this is happening now in China, and at scale. The linked videos on Youtube provide more information than anything you will read in the Western media. China’s artificial intelligence (AI) applications look like science fiction, but they are real as rain, and happening before our eyes.
The application of big data and AI to flexible manufacturing, smart logistics, health care and other fields promises to transform economic life as profoundly as the Second Industrial Revolution changed the United States and Germany.
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