4 Ways China Is Influencing the U.S. Tech Industry -

4 Ways China Is Influencing the U.S. Tech Industry

Credit: fortune.com

  • Sep 14 2017 00:52About: 2 months ago
  • 5 views

The technology industry’s future depends in large part on the relationship between the U.S. and China.

That's one of the takeaways from a Mobile World Congress conference on technology and finance in San Francisco on Wednesday. Although companies in both countries compete against each other, globalization and improved wireless technology have linked businesses from the two countries in ways that haven’t existed before.

Here's a few highlights that show China's explosive growth into a technology powerhouse and its increasing influence in the U.S.

1. A Chinese smartphone company wants to become better known in the U.S.

ZTE may not be a household brand in the U.S., but it's one of China's biggest telecommunications and smartphone companies. Lixin Cheng CEO of ZTE’s mobile device business, explained how the company is trying to gain a bigger foothold in the U.S. by selling cheaper smartphones than Apple and Samsung. He cited ZTE’s recent deal to be an official sponsor for the 2017 NBA championship team Golden State Warriors as one way it's trying to become better known outside of China.

Despite increased competition, U.S. and Chinese firms are still heavily dependent on each other, Cheng said. For example, China's mobile boom could not have happened without Google's goog Android operating system, while the U.S.'s smartphone market couldn't have taken off without Chinese manufacturing.

2. China's wireless coverage is better than the U.S.

The U.S. may lead the world in tech research, but China has managed to build better wireless infrastructure that gives people Internet access in more places, according to several executives at the event. One reason is because Chinese telecommunications companies have an easier time building cellular towers, said Qi Bi, the president of the China Telecom Technology Innovation Center, a research unit of China Telecom. To build towers in the U.S., companies need approval from multiple government agencies, which he called "a big hassle." China's government, in contrast, lets companies build cell towers quickly, providing the country with 10 times as many towers than in the U.S., Bi said.

3. U.S. companies using cutting-edge tech to capitalize on China's growth

For data crunching specialist Orbital Insight, studying satellite imagery of China's mainland creates a new way to make money. CEO James Crawford said that his U.S. company has been using satellite images to identify oil barrels stored all over the world. By figuring out how many there are, companies and investors can get a better sense of the world's refined oil supply. Crawford said his company trained its software, or neural networks, to automatically recognize oil barrels in satellite images. It then applied the software to satellite images of China and found 200 million barrels that were previously undiscovered.

Orbital Insight chart showing oil barrels in China. 4. To fuel artificial intelligence, Chinese companies are hoarding data

China's government said this summer that it wants to be the world's leader in the red-hot field of artificial intelligence that has made it possible for companies like Google and Facebook fb to build software that can quickly translate languages and understand text. As Doug Makishima, the chief operating officer of U.S. wireless tech company Meeami Technologies, explained, the Chinese government is investing billions of dollars in companies like the search giant Baidu and China-based research institutes to help it achieve its goal. The next step, Makishima explained, is for these Chinese businesses to buy companies that hold tremendous amounts of data that can improve AI-powered software to be more efficient at tasks like recognizing people’s faces.

He cited the China based biotechnology company BGI--formerly the Beijing Genomics Institute--as an example. In 2012, BGI bought a Silicon Valley DNA sequencing company, Complete Genomics, for $118 million. It wasn't necessarily Complete Genomics' technology and U.S. workforce that BGI was interested in. It was the company's vast amounts of DNA data that could be used improve BGI's AI capabilities, Makishima said.

Expect Chinese companies to make more of these types of data-acquisition deals in the near future.



Follow Us on Twitter

thank rise smartphone.

Related stories with 4 Ways China Is Influencing the U.S. Tech Industry

Elle King Is Dating Rocker Josh Logan: Details! -World News
Elle King Is Dating Rocker Josh Logan: Details! 2 months ago
Ex’s and OMG! Elle King has a new man in her corner, musician Josh Logan.“Make room for greatness in your life. Especially if greatness comes in the form of a hot lead singing guitar playing wildman that I’m in love with,” the
Cherish our Love Moment. -World News
Cherish our Love Moment. 2 months ago
Cherish our Love Moment   When we love someone, we want everything good for that person. We can do all the best for them and cherish with our love. Do everything from our heart and that is never too
Feleipe Franks sticks at QB vs. Vols, Gators not worried about effects of missed game -World News
Feleipe Franks sticks at QB vs. Vols, Gators not worried about effects of missed game 2 months ago
GAINESVILLE, Fla. — The plan was for redshirt freshman quarterback Feleipe Franks to stick as the starter in Florida’s second game and build some confidence against a favorable matchup. The plan now remains for Franks to start Game 2, but the mat
LSU mailbag: Justin Fields’ visit, Crystal Ball pick for Justin Rogers, recruit reaction to 2-0 -World News
LSU mailbag: Justin Fields’ visit, Crystal Ball pick for Justin Rogers, recruit reaction to 2-0 2 months ago
Welcome to SEC Country’s weekly mailbag, a question-and-answer forum between readers and LSU team and recruiting reporter Sam Spiegelman. In this edition, we touch on the two quarterbacks LSU is eyeing for its 2018 recruiting class, whether the nation&
Gotta catch this handheld: New Nintendo 2DS XL Poké Ball Edition is on the way -World News
Gotta catch this handheld: New Nintendo 2DS XL Poké Ball Edition is on the way 2 months ago
Nintendo is throwing a fresh, Pokémon-inspired coat of paint on its 2DS XL handhelds.
Working Geek: Renaissance woman Anna Hong is a rocket scientist, entrepreneur and nonprofit founder -World News
Working Geek: Renaissance woman Anna Hong is a rocket scientist, entrepreneur and nonprofit founder 2 months ago
Anna Hong has worn a lot of hats over the course of her career. After interning for Microsoft Research’s Asia division, she took an aerospace propulsion engineer position at the Chinese Academy of Launch Vehicle Technology (CALT), a leading rocket m
Barclays wins end to US litigation over pre-crisis disclosures -World News
Barclays wins end to US litigation over pre-crisis disclosures 2 months ago
Barclays Plc won the dismissal on Wednesday of U.S. class-action litigation by investors who bought its stock just months before the 2008 global financial crisis, and accused it of concealing its exposure to risky debt and an inability to manage credit r
Commentary: Apple Park and the trouble with modern workplaces -World News
Commentary: Apple Park and the trouble with modern workplaces 2 months ago
It is pointless to build tech campuses like Apple Park and make people hot-desk, says the Financial Times’ John Gapper.
Second place OK for Spieth for the next two weeks -World News
Second place OK for Spieth for the next two weeks 2 months ago
Jordan Spieth has said finishing runner-up over the next two weeks on the PGA Tour would suit him just fine.
Barclays wins end to U.S. litigation over pre-crisis disclosures -World News
Barclays wins end to U.S. litigation over pre-crisis disclosures 2 months ago
NEW YORK (Reuters) - Barclays Plc won the dismissal on Wednesday of U.S. class-action litigation by investors who bought its stock just months before the 2008 global financial crisis, and accused it of concealing its exposure to risky debt and an inabili