Microsoft has moved a number of AI experts from China to Vancouver, which has been dubbed the "Vancouver Plan" by industry researchers. Microsoft Research Asia (MSRA) is reportedly seeking visas for between 20-40 AI experts to be moved to its Vancouver lab. However, Microsoft has denied the existence of such a plan, stating that the new lab will be organisationally aligned with MSRA and staffed with people from other MSR labs around the world. The move is significant given the ongoing AI war between the US and China.
Microsoft transfers some AI experts from China to Canada, possibly as part of the "Vancouver Plan". Microsoft Moves Some AI Experts from China to Canada
Baidu, a Chinese tech company, launched its AI chatbot in March and sees AI as the next big earnings driver. The company also launched a $145 million AI venture fund. AI stocks have been performing well this year, with Global X Robotics and Artificial Intelligence ETF delivering three times the returns of the S&P 500 Index. The AI boom has also lifted tech stocks like Microsoft, adding over $4 trillion to the Nasdaq 100's market cap. Nvidia's stock is up 170% this year and joined the rank of $1 trillion market cap companies last month. Microsoft transfers some AI experts from China to Canada, possibly as part of the "Vancouver Plan".
China Might be Contemplating AI Regulations
Tesla CEO Elon Musk said China will introduce AI regulations after his visit there this month. However, China has banned apps like ChatGPT and has domestic alternatives for platforms like Google and Facebook due to concerns about citizens' data safety. The operating environment for US companies in China has worsened in recent years, with LinkedIn shutting down its job application site citing fierce competition and a challenging macroeconomic climate.
AI is at a dangerous juncture The AI revolution also calls for a foreign policy revolution A cold war between the two AI superpowers is a recipe for apocalypse; unless US & China reverse the slide toward a Cold War II. by Robert Wright @robertwrighter… pic.twitter.com/YBMNXVNgha — Euripides L Evriviades 🇨🇾🇪🇺 (@eevriviades) June 7, 2023
The ongoing AI competition between China and the US is expected to intensify in the upcoming months due to the expansion of Chinese tech companies in the AI sector. Recently, the US Department of Justice charged Weibao Wang, a former Apple engineer and current executive at Jidu, an electric vehicle startup owned by Baidu, with stealing Apple's trade secrets. As the tech war between the two largest economies in the world continues to escalate, similar stories about AI may emerge, even without an official "Vancouver Plan."
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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