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Not sure about the "invisible" hand part. Note the difference could be explained by the structure of each respective economy. Chinese economy is not nearly as s
by fspeech 4y ago
Not sure about the "invisible" hand part. Note the difference could be explained by the structure of each respective economy. Chinese economy is not nearly as service centric as US (Chinese marginal cost of service labor still relatively low), so chatbot type of applications are not nearly as interesting to China, though that attitude could change with time.
- timestap 4y agoYup, very good point. With the publicity generated by OpenAI there's a heavy focus now to fund domestic competitors (see article published on the Information today, pay-walled -- https://www.theinformation.com/articles/sequoia-and-other-u-s-backed-vcs-are-funding-chinas-answer-to-openai https://www.theinformation.com/articles/sequoia-and-other-u-...). The downstream effects on the application layer is an open question, however.