The Indian budget every year has always been an eagerly awaited event. For many decades, the best minds in economics, finance, tax, business and industry throng the media house to analyze the provisions shared by the Financial Minister.
Sometimes major events completely disconnected may be data points for the plans of the different powers around the world. The challenge is to discern what purpose they serve? More critically, what are we moving towards?
When the US Ambassador threatened India's "Strategic Autonomy" policy over India's friendship with Russia - much more than meets the eye was at stake. Let us unpack how the Ukraine war has fundamentally changed the US and the world. And why are we here anyway?
Artificial Intelligence is one of the areas which will differentiate the winners of tomorrow from the losers. The countries and societies which focus on this one area will be able to lead over the others. Much the same way that the countries which focused on science and technology of earlier years did.
And, this difference will be far more visible in the area of Defence and industry. Like the Google and Microsoft of today, the new Artificial Intelligence area leaders could be the leading companies of the future and change the economy of those regions.
Large Artificial Intelligence funding but little results
The Chinese startups in the field of Artificial Intelligence have received USD 6.1 bn in funding, while the US companies raised USD 3.6 billion in the same time. And even when the number of startups in China in this field are second only to the US, China is still not winning the AI race.
The strange thing is that even though China leads in the volume of patents and papers, when it comes to creating truly innovative technologies much progress has not been made.
The work in AI in China has focused on areas like computer vision, voice recognition, and NLP and although they have done a great job in the local market, they have not had a remarkable advantage against their counterparts in Western Europe and the US.
Conclusion
When it comes to innovation, funding is not always easily translatable into great innovation. Probably some of the main ingredients from research to real products need competition and a social system that has the right delivery systems. Silicon Valley is a great example of that society of great delivery system. Since most of the investments and subsidies are by the government, that eco-system is never created in a place like China for Artificial Intelligence startups.
Rare Earth Elements (REE) will change and rule the world as oil did in the last century. China dominates that industry like no other. And it uses that monopoly to beat down on its adversaries.
The Great Depression of the 1930s led to World War 2 in a significant manner. Current economic crises and geopolitical battles are converging. What will the coming wars be like? We look at the scenario deeply.
Attack by Hamas took a lot to accomplish. The sudden Chinese bonhomie with Syria and the bringing together of Arab - Sunni and Shia countries and actors by Xi Jinping's regime raises some questions .
Hindenburg Report on Adani was a camouflage. The real story is unfolding after that. The Economic Warfare being unleashed on India needs to be fully understood. An extremely in-depth analysis!
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