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Tag Archives: Innovation

Catching up and falling behind in historical perspective

The figure below, from a recent piece in the Wall Street Journal, shows the catching up of the South. Note that most occurs after the New Deal, and up to the 1980s. The piece emphasizes the reversal, with divergence since the last recession. This suggests that the New Deal and the period in which the segregationist policies were eliminated were a period of prosperity for the South. The catching up story is one associated mostly to State action, since the New Deal in many ways was a sort...

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On the Economy — How Innovative Is China?

A few years ago, China overtook the U.S. and other innovative countries in terms of patent applications. More recently, it also became the leader in patent grants. But does this mean China is now the world leader in innovation? A recent Economic Synopsesessay explores this idea.... Short and informative.FBRSL — On the EconomyHow Innovative Is China?

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macromon — Karl, The Comeback Kid?

Why do we think the world is about to see the resurrection of the “comrade culture club” over the next ten years?  Make no mistake; there will be a visceral political reaction to the coming acceleration of labor disrupting technology. We got a little taste of it in the 2016 election. Just wait until it hits the doctoring, lawyering, and accounting class.... Technology replaced the farmers. Now it is coming for the industrial workers and many types of service workers, too. Soldiers and...

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Eugene K. Chow — China May Have Solved the One Thing That Was Poised to Stop Its Military Rise

Chinese engineering has become so advanced that German jet engines could soon get a major boost from China. Officials in China have begun talks to sell sophisticated aerospace technology and manufacturing equipment to Germany for the production of high-performance jet engines.... Discussions for the sale are still in the early stages, but even the possibility of an agreement with Germany, which created the world’s first production-ready jet engine and has long been revered for its design...

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China Daily — Xi’s bookshelf illustrates goal of developing AI powerhouse

Two books on President Xi Jinping's shelf drew public attention from both home and abroad immediately after they were seen in the video of Xi's New Year speech. The two books were about artificial intelligence-The Master Algorithm: How the Quest for the Ultimate Learning Machine Will Remake Our World by Pedro Domingos and Brett King's Augmented: Life in the Smart Lane. The Master Algorithm, published in 2015, describes how machine learning is remaking business, politics, science and war....

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Kai-Fu Lee and Jonathan Woetzel — Dynamism by design: China as digital giant

China has firmly established itself as a global leader in consumer-oriented digital technologies. It is the world’s largest e-commerce market, accounting for more than 40% of global transactions, and ranks among the top three countries for venture capital investment in autonomous vehicles, 3D printing, robotics, drones, and artificial intelligence (AI). One in three of the world’s unicorns (start-ups valued at more than US$1 billion) is Chinese, and the country’s cloud providers hold the...

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Will Knight — China’s AI Awakening – 中国 人工智能 的崛起

Qing Luan, director of SenseTime’s augmented-reality group, previously developed office apps for Microsoft in Redmond, Washington. She says she returned to China because the opportunities just seemed much bigger. “We were struggling to get a thousand users; then I talked with my friend who was working at a startup in China, and she said, ‘Oh, a million users is nothing—we get that in several days,’” she recalls. This is the key point about everything involving China. It's yuuu...ge!The...

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