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Kai-Fu Lee

Dr. Kai-Fu Lee is the Chairman and CEO of Sinovation Ventures (www.sinovationventures.com/) and President of Sinovation Venture's Artificial Intelligence Institute. Sinovation Ventures, managing US$2 billion investment funds, is a leading venture capital firm focusing on developing the next generation of Chinese high-tech companies. Prior to founding Sinovation in 2009, Dr. Lee was the President of Google China. Previously, he held executive positions at Microsoft, SGI, and Apple. Dr. Lee received his Bachelor degree from Computer Science from Columbia University, Ph.D. from Carnegie Mellon University, as well as Honorary Doctorate Degrees from both Carnegie Mellon and the City University of Hong Kong. He is a Fellow of the Institute of Electrical and Electronics Engineers (IEEE), Times 100 in 2013, WIRED 25 Icons , Asian Business Leader 2018 by Asia House, and followed by over 50 million audience on social media.

In the field of artificial intelligence, Dr. Lee built one of the first game playing programs to defeat a world champion (1988, Othello), as well as the world's first large-vocabulary, speaker-independent continuous speech recognition system. Dr. Lee founded Microsoft Research China, which was named as the hottest research lab by MIT Technology Review. Later renamed Microsoft Research Asia, this institute trained the great majority of AI leaders in China, including CTOs or AI heads at Baidu, Tencent, Alibaba, Lenovo, Huawei, and Haier. While with Apple, Dr. Lee led AI projects in speech and natural language, which have been featured on Good Morning America on ABC Television and the front page of Wall Street Journal. He has authored 10 U.S. patents, and more than 100 journal and conference papers. Altogether, Dr. Lee has been in artificial intelligence research, development, and investment for more than 30 years. His New York Time and Wall Street Journal bestselling book AI Superpowers (aisuperpowers.com) discusses US-China co-leadership in the age of AI as well as the greater societal impacts brought upon by the AI technology revolution.

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AI spreads its tentacles into every aspect of economic life, the benefits will flow to these bastions of data and AI talent. PwC estimates that the United States and China are set to capture a full 70 percent of the $15.7 trillion that AI will add to the global economy by 2030, with China alone taking home $7 trillion. Other countries will be left to pick up the scraps, while these AI superpowers will boost productivity at home and harvest profits from markets around the globe. American companies will likely lay claim to many developed markets, and China’s AI juggernauts will have a better shot at winning over Southeast Asia, Africa, and the Middle East.
I fear this process will exacerbate and significantly grow the divide between the AI haves and have-nots. While AI-rich countries rake in astounding profits, countries that haven’t crossed a certain technological and economic threshold will find themselves slipping backward and falling farther behind. With manufacturing and services increasingly done by intelligent machines located in the AI superpowers, developing countries will lose the one competitive edge that their predecessors used to kick-start development: low-wage factory labor.
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