Artificial Intelligence Has Proven To Be A Disruptive Technology With Applications Across Every Sector.

Artificial intelligence has proven to be a disruptive technology with applications across every sector. Sensing the potential to dominate the market early, many
Artificial Intelligence Has Proven To Be A Disruptive Technology With Applications Across Every Sector.

Artificial intelligence has proven to be a disruptive technology with applications across every sector. Sensing the potential to dominate the market early, many enterprising tech companies have put their efforts toward improving the foundations of AI and discovering new use cases for it. AI is, of course, a broad term that can encompass any algorithmic technology, ranging from autonomous vehicles to medical record systems. It is therefore challenging to define the nebulous “AI race” in certain terms, with countries trying to get an edge on their national rivals without necessarily knowing what advantages this will provide. Nevertheless, the proliferation of tech companies offers some insight into which countries have best explored this new frontier for technology.

China has proven itself to be a contender in terms of both government support for AI and the generation of massive quantities of data to improve machine learning algorithms. The country has declared its intentions to become a global AI leader by 2030, with goals to hit an industry value of $150 billion. Of course, the question then becomes what AI technology is used for by the CCP. Critics of China have accused the country of leveraging new technologies for the purpose of monitoring and suppressing its citizens. One then wonders what the benefits of outpacing China in the AI race truly is—is the end goal something that other countries in the world should strive for?

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nikolasperrault - Nikolas Perrault
Nikolas Perrault

Nikolas Perrault is a Chartered Financial Analyst at the helm of Twilight Capital, a capital market advisory consulting firm based in Montreal, which he formed in 2008. Mr. Perrault was born in Rwanda and has traveled extensively for decades throughout the world. He has a passion for discovering new cultures and building bridges between them. Twilight is on a constant quest for opportunities to connect entrepreneurs internationally and to assist public and private companies in their overall capital market strategy. Nikolas Perrault attended Concordia University, where he graduated with his Bachelor of Commerce degree in Finance in 1991. In 1997, he received his Chartered Financial Analyst designation. His experiences spans the industries of financial analysis, human resources management and securities trading. He also is knowledgable about the field of natural resources and renewable energy.

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