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by strin
3156 days ago
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Another competitive advantage of China is data. China has 1.4B population, and nearly everyone in the country owns a mobile phone. This will contribute data 3-4 times larger than US. Considering second-order interactions (network effect), the data could be an order of magnitude larger. Chinese citizen also seems less concerned about their privacy. I've talked to one of the largest chat platforms in China, and they seems very open to share their conversation datasets with third-parties for dialogue research. In high-value verticals like healthcare, there is also less regulation compared to U.S. For example, it's easy to start a AI + radiology company in China and have access to hospital patient data, without going through tedious approval process. |
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Europe and at americas combined have a larger population than china and a geographical landmass 3X larger than china.
The real question is why europe ( 800 million people ) and latin america ceded their tech industry and data to the US.
If data is the oil of the 21st century, then the US, china and india are going to rule the nest. Europe has no future and neither does south america.
I under why china, russia, etc had protected their own internal industries to compete against FB, GOOGL, TWTR, AMZN, etc. I just don't understand why europe, south america, etc haven't.
All europe/south america have/had to do is invest a few billion to capture a few trillion in wealth. Instead, they've ceded all that wealth to predominately american tech companies. It's very strange when you think about it.