China's shift from an industrial to a new consumer economy is well underway. For the three BAT giants (Baidu, Alibaba, Tencent) all have the perfect conditions each to be a global leader in artificial intelligence (AI) and machine learning (ML). Baidu is leading the technology for speech recognition and automomous driving. At the Baidu Create 2017 event, the inaugural AI Developer conference, showcased a software engineer who uses a DuerOS chip to turn a LEGO robot into a toy that can talk to his nephew*).
*) Goldman Sachs, China's Rise in Artificial Intelligence, August 31 2017