X
<

Tech Sector Updates: Smartwatches, Facebook, Huawei, and Google

PART:
1 2 3 4 5 6 7
Part 7
Tech Sector Updates: Smartwatches, Facebook, Huawei, and Google PART 7 OF 7

Why Google Aims to Build an Artificial Intelligence Team in China

Google is increasing its presence in China

Alphabet’s (GOOG)(GOOGL) Google and Google Play Store have been banned for several years in China. In spite of that, the tech giant is increasing its presence in the second-biggest economy by hiring engineers to specialize in AI (artificial intelligence) and machine learning.

Google recently posted four AI-related jobs on its Beijing career site, according to The Wall Street Journal. Google’s Mainland China workforce comprises 600 employees.

Meanwhile, Chinese companies are opening up AI centers in the United States. Chinese giant Tencent (TCEHY) said it would set up AI centers in Seattle, while Alibaba (BABA) and Baidu (BIDU) already have US centers.

Why Google Aims to Build an Artificial Intelligence Team in China

Interested in GOOG? Don't miss the next report.

Receive e-mail alerts for new research on GOOG

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

AI could be the next big thing

AI is a hot prospect in technology, as the graph above shows. According to Statista, the AI market is estimated to reach $59.7 billion by 2025. Chinese authorities consider innovations such as AI key drivers for reviving its slowing economy. The country wants to become the world’s biggest AI center by the next decade, according to the Financial Times.

For AI-based research, Google wants to benefit from China’s massive repository of personal data. However, some analysts think that China is behind the United States in terms of AI research.

X

Please select a profession that best describes you: