Op-ed: Generative AI in China | Nikkei Asia

Tokyo, 4th July 2023 – Serica is pleased to announce the opinion piece authored by our CEO Benjamin Speyer on Nikkei Asia, a leading platform for business and financial news in Asia. The op-ed is titled “China Inc. Shows How Generative AI Can Be Serious Business – Western companies must learn from its approach or risk getting left behind.”

Key takeouts:

• The US is ahead in AI with China snapping at its heels but it remains to be seen whether can bridge that gap in AI capabilities, especially with chip import restrictions.
• Chinese companies cannot currently compete in bleeding-edge AI development. Instead, they are working lean, investing in practical solutions to help pave the way for future advancements. Central to this strategy is China’s global innovation advantage.
• This strategy is not unique to AI and has been applied across multiple other sectors, most notably in fintech and EV. Western companies have continually overlooked or underestimated China’s approach to innovation, first losing out internationally and then increasingly at home.
• Whether seeking an edge in domestic competition or preparing for future AI battlegrounds across major emerging markets in Asia, Africa and Latin America, Western companies must take many lessons from their Chinese rivals to help enhance their capabilities and global competitiveness.
• Three key lessons that AI companies can quickly put into practice.
• A reminder to learn from the lessons of the past. Take Chinese innovation seriously and learn from its companies’ approach or risk getting left behind.

As one of the world’s leading technology and financial advisory firms specializing in China, we are always striving to remain at the forefront of meaningful discourse and education about Chinese technology, innovation, and business practices. Benjamin’s contribution to Nikkei Asia underscores Serica’s commitment to thought leadership and knowledge sharing in key areas of strategic importance to its clients and partners.

Read the full article here:  https://asia.nikkei.com/Opinion/China-Inc.-shows-how-generative-AI-can-be-serious-business

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