In the world of tomorrow there will be only two nations: America and China. Artificial intelligence (AI) firms of these superpowers will develop technology which is beyond competition, says Dr Kai-Fu Lee , the oracle of Chinese tech.
Lee predicted that AI will lead to “enormous wealth concentrated in relatively few hands”, “enormous numbers of people out of work”, and “unprecedented economic inequalities”, in an opinion piece for the New York Times.
America and China can counter the acceleration of wealth inequality that AI will bring about, through taxation and providing a “universal basic income”, said Lee, founder of venture capital […]
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