AI is all the rage at the moment, but technology expert Yin Ruizhi warns that China's AI-related startups may not stand a chance in the current environment as big tech platforms gobble small ones, and the business know-how is firmly in the hands of industry leaders who would choose to work with the tech bigwigs.
Technology
Technology
Technology expert Yin Ruizhi believes that the current artificial intelligence fever is still at its nascent stage whereby tech companies need to focus on technical development before it becomes profitable. However, compared with the previous breakthroughs in the mobile internet era, the tech industry is exploring emerging business paradigms with no rush to capitalise on generative AI for now.
Technology
Technology expert Yin Ruizhi believes that the advent of AI-enabled ChatGPT might be a solution to the ageing populations in Asian countries such as Japan, South Korea and China, as humans are freed from jobs that ChatGPT can handle.
Technology
Technology expert Yin Ruizhi looks at artificial intelligence (AI) companies and the development of strong and weak AI, and notes that instead of chasing after strong AI for general use, perhaps weak AI for specialised use is the way to go.
Technology
Technology expert Yin Ruizhi delves into the differences between traditional e-commerce platforms such as Alibaba and JD, and “interest-based” platforms such as Douyin and Kuaishou, and explores the possibilities for what e-commerce might look like in the future, as both types of platforms operate alongside each other.
Economy
Technology expert Yin Ruizhi notes that while Bitcoin is a bold experiment in cryptocurrencies, in its current form it is still too unstable and resource-intensive to take the place of legal currencies as a mainstream global currency.
Technology
Technology expert Yin Ruizhi notes that one sector in which technology is lacking is traditional agriculture. Due to the scattered nature of the sector, it is difficult to implement technological solutions to production and sales. However, tech company Pinduoduo holds the power to integrate the market and reach buyers and sellers across the country.
Technology
The US capital market has been the main source of large-scale funding for Chinese tech companies, even as they compete for a slice of their home market. However, with the ongoing US-China trade war and Russia-Ukraine war, US capital is not flowing as readily into China as before, while China’s anti-monopoly crackdown has narrowed down tech companies’ growth prospects. Tech expert Yin Ruizhi explores the issue.
Technology
Technology expert Yin Ruizhi notes that Microsoft’s recent announcement to acquire gaming company Activision Blizzard is not just about breaking into the gaming market, but an important step towards building its capabilities to develop the metaverse. Can it succeed and will other Western tech giants follow?