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

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.

Latest articles

Last week (ended August 16) was rough for Canopy Growth (WEED)(CGC) stock. It fell about 14% after the company's fiscal 2020 first-quarter earnings report.

Apple shares rose close to 3% in early hour trading on Monday. So, why is Apple stock trading higher? The market sentiment might have turned positive.

Huawei plans to launch its own mapping service as soon as this October. But Huawei’s Map Kit will initially not be a consumer mapping service.

In April, Amazon announced its plan to transform its free two-day shipping program to a free one-day shipping program for its Prime customers.

Cannabis companies face regulatory challenges. Recently, CannTrust (CTST) didn't comply with Health Canada’s regulations.

China’s state media agency, Xinhua News Agency, reported on August 18 that police had seized a FedEx parcel containing a handgun.