Over the last decade, Beijing has spent billions of dollars developing AI technologies to become a global leader in autonomous vehicles. If domestic tech giants can lower the marginal cost of AVs, offer a safe and secure form of autonomous transportation, and secure full-scale adoption within the world’s largest consumer market, China will revolutionize the automotive industry and earn trillions in revenues.
Author: Alex Hurley
US sanctions designed to limit China’s access to cutting edge semiconductor technology have challenged Beijing’s ambition for technological hegemony. Even with significant state-backed investment over the past 30 years, China’s semiconductor industry still lacks the capabilities necessary to compete in the global marketplace. The current economic and political environment poses an ultimatum for the country: innovate or fall behind.
The Hong Kong national security law created a series of provisions that restrict the flow of information and suppress the civil unrest within the region. In the short term, this new law has had a profound impact on the business landscape, creating a series of winners which seek to expand their market share in the local marketplace. In the long term, it will reform the technology landscape in Hong Kong for years to come.