Thanks to the Greater Bay Area’s tech champions Huawei, BYD, Tencent and DJI, China commands nearly 40 per cent of the global supply chain for embodied AI.
Wuxi’s evolution from an industrial hub to an epicentre of technological innovation offers other local governments a prime example of how to employ a unique blend of public and private sector integration to promote regional economic development.
ChatGPT has pushed AI to a commercial tipping point, just as tech lay-offs push thousands into the market for start-ups, with the potential to revolutionise our lives. But to enjoy this bright AI-powered future, regulation urgently needs to catch up.
India’s large young population and growing manufacturing capabilities will ensure it has a place in the global technology supply chain. Notwithstanding its handling of the pandemic and geopolitical tensions, China’s challenge of an ageing population and economic slowdown remains.