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The Drive For AI: 2 Systems

Apr. 01, 2022 3:15 AM ET4 Comments
John M. Mason profile picture
John M. Mason


  • Artificial Intelligence is the process that takes all the information collected in databases and turns it into something new and more productive.
  • The Chinese government is the driving force behind the country's development of bigger and more inclusive databases in order to drive economic growth global leadership.
  • In the United States, the private sector is the driving force behind economic advancement and in recent years has advanced the use of AI to accelerate its pace.
  • This battle appears to be where the economic and scientific evolution of these competitors is going and where future dominance is going to come from.
  • This battle is particularly important to investors because this is where future economic performance is going to come from.

5G and AI technology, Global communication network concept. Business graph. Global business.

Tony Studio/iStock via Getty Images

China has been pushing the edge of building databases to head up the growth and spread of information to create and develop their leadership into the new era. I have just written about what China

This article was written by

John M. Mason profile picture
John M. Mason writes on current monetary and financial events. He is the founder and CEO of New Finance, LLC. Dr. Mason has been President and CEO of two publicly traded financial institutions and the executive vice president and CFO of a third. He has also served as a special assistant to the secretary of the Department of Housing and Urban Development in Washington, D. C. and as a senior economist within the Federal Reserve System. He formerly was on the faculty of the Finance Department, Wharton School, the University of Pennsylvania and was a professor at Penn State University and taught in both the Management Division and the Engineering Division. Dr. Mason has served on the boards of venture capital funds and other private equity funds. He has worked with young entrepreneurs, especially within the urban environment, starting or running companies primarily connected with Information Technology.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Comments (4)

hawkeyec profile picture
@John M. Mason

You've highlighted several issues here. For the last two or three decades roughly half of the new PhDs in the US have come from offshore. It seems perpetually difficult for the US educational system to generate candidates for our highest levels of education. Those who come from offshore are often the best of the best and many go back "home" when they are done, taking the source of our expertise with them. I taught business subjects at the university level for 40 years. My school for the last 35 of those years not only has arrangements with several Chinese schools to send students to our programs, but also runs two AACSB accredited MBA programs in China, in Hong Kong and Shanghai. Over the years I taught many Chinese students and as a group they were much better than most of my native students.

You also highlight the difference in AI strategies between the US and China. Here, companies take our data, build databases, and sell them for profit. It is harder for me to see my own medical data than it is for Google to see it and sell it. I live in KC, home of Cerner, the largest firm in the medical records business. What do you suppose they do with all that data? Frankly, many people applaud the fact that our market system stealing our data is somehow wonderful. Not it isn't, our personal data is being taken from us to sell to advertisers. I use an ad blocker on most of my Internet activity (two key sites won't let me use it). It keeps track of the number of blocked ads. Just this morning alone that number is over 1500 and climbing fast. Some will argue that the fact that China uses the government to build its databases is somehow evil. In case people don't know the NSA has a huge facility in a remote part of Utah where they collect and store all electronic communications produced in the US: e-mails, phone calls (so-called land lines are actually being converted to easily captured VIOP), general data transmission, internet traffic, etc., all ostensibly to protect us from terrorists. So we get it from both sides here, government and business. I'm not a conspiracy guy, NSA really doesn't hide this program.
@hawkeyec - Thanks for your comment.
In education------- grade school through high school the United States ranks 26th out of 30 in the survey------the Chinese, Taiwanese, South Korea and Japanese rule the roost. Without foreign PHD's where would American high tech be?? The hand writing is on the wall for a declining U.S. and A.I. will not be our only loss in a world driven by top notch educational systems based on MERIT!!
May be that the difference is,that AI in China is done in a more sophistic way by more extended organisations and better fundamental Investigation is done, especially in Europe.
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