China Launches ’Supermind’ AI Platform to Globally Track AI Researchers
China has developed an artificial intelligence platform named ’Supermind’ aimed at monitoring AI researchers and institutions worldwide. This initiative, backed by the city of Shenzen, leverages AI to analyze extensive data, including 300 million scientific papers and 120 million patents. Designed by academics from top Chinese universities, Supermind aspires to catalyze China’s ambition of becoming a global leader in AI technology. The platform also aims to assist Chinese companies and regulators by providing access to the latest AI advancements and regulatory guidance. Despite its open-source appearance, there are concerns about potential geo-restrictions for users outside China. This development comes amidst a technological cold war with the U.S., particularly over AI chips. Meanwhile, China has heightened its focus on AI safety and standard conformity, integrating enterprise blockchain to enhance data security and integrity within AI applications.
Neutral
The establishment of the Supermind AI platform by China is a significant development in the AI arena but its direct impact on the cryptocurrency market is expected to be neutral in the short term. The primary focus of Supermind is on tracking AI research and development, which is somewhat orthogonal to the immediate operations of cryptocurrency trading and market movements. However, in the long term, advancements in AI, supported by blockchain technology for data security and integrity, could enhance the efficiency and security of crypto market operations, contributing to overall market stability and growth. Similar past events, where technological advancements initially had a minimal direct impact on markets but contributed to long-term growth, suggest that Supermind’s introduction will likely follow this pattern.