AI in China: Insiders and Outsiders
December 15, 2017
Google is trying to scramble in China’s artificial intelligence market. Several years ago, Google wanted China to “change.” Now it looks as if Google has figured out that it has to conform in order to catch up with other outfits in the Middle Kingdom.
Case in point: Navigate to “Li Ka-Shing Bets on Hong Kong AI Start-Up to Parse Chinese Call Centre Industry’s Tower of Babel.” Mr. Ka-Shing is an important figure and rumor has it that he is associated with some powerful government figures in China. He also has money, telecommunications, shipping, and other interests to help him pay his bills.
The funding of Fano Labs via Horizon Ventures is important in my opinion. For outfits like Google, the best and brightest of the Chinese AI experts may find their future in companies similar to those Mr. Ka-Shing finds “interesting.”
Outsiders? Nope, insiders. The difference is important when it comes to big deals in China in my experience.
Stephen E Arnold, December 14, 2017
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