Who's to challenge Silicon Valley, Shenzhen in AI?
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The article discusses the concentration of AI-based technological advancements in specific regions such as Silicon Valley, Shenzhen, and the Toronto-Waterloo Corridor. These regions are home to leading global tech companies and have vibrant tech ecosystems. The integration of AI-based technologies into various industries has led to increased efficiency, innovation, and economic growth. The article highlights the importance of attracting the 'creative class' to these regions, as they possess the ability to create new ideas, technologies, and industries that can improve regional economies. The use of AI-based technologies in creative regions enhances the impact of creative capital, knowledge, and skills on the production of goods. The article also emphasizes the long-term economic growth benefits of investing in AI-based technology and skills. It states that even small initial differences in savings rates and investments in AI can lead to significant gaps in economic output and skills per creative individual over time. The article suggests that regions that actively support the development of AI technologies are likely to witness a positive relationship between workforce transformation and economic growth. However, it also warns that the concentration of AI activity in certain regions can create disparities between coastal regions and the American heartland. The article is written by Amitrajeet A. Batabyal, a distinguished professor of economics at the Rochester Institute of Technology.

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https://asiatimes.com/2024/04/whos-to-challenge-silicon-valley-shenzhen-in-ai/