China has shown willingness to collaborate with other nations when it comes to establishing global standards on artificial intelligence (AI).
Realizing the vast capabilities of AI, more nations are cognizant of how powerful the technology can be and what it could do when used to its fullest extent (which has yet to be realized since it’s still a nascent technological advancement). Given this realization, nations are collaborating to develop standards for safety when it comes to AI development.
As mentioned, it appears China is willing to take part in this collaboration. This may come as somewhat of a surprise given Western sanctions to block China from purchasing AI chips, but the nation’s involvement is encouraging given that the government is willing to put its differences aside, particularly when it comes to relations with the U.S.
“China’s vice minister of technology said Beijing will cooperate with international counterparts — including the U.S. — to find common ground on frameworks for safe and responsible artificial intelligence development,” CNBC reported, noting that “Wu Zhaohui, China’s vice minister of science and technology, said the country was willing to ‘enhance dialogue and communication in AI safety with all sides.'”
In a world where technological reliance is increasing, nations are ramping up their development of AI. The U.S. and China, in particular, have been locking horns when it comes to developing the most advanced AI applications.
Capitalize on China Tech
China’s willingness to work with other nations could open more doors for innovation, especially when it comes to AI. As such, investors can consider the KraneShares China Innovation ETF (KGRO).
With KGRO’s active management, the fund offers dynamic exposure that allows portfolio changes when market conditions warrant adjustments. Furthermore, KGRO is essentially a fund of funds that offers exposure to various KraneShares ETF products:
- KraneShares CSI China Internet ETF (KWEB)
- KraneShares MSCI All China Health Care ETF (KURE)
- KraneShares MSCI China Clean Technology ETF (KGRN)
- KraneShares CICC China 5G & Semiconductor ETF (KFVG)
- KraneShares SSE STAR Market 50 Index ETF (KSTR)
Another fund to consider to get broad-based exposure to tech is the KraneShares Hang Seng TECH Index ETF (KTEC). The fund offers exposure to Hong Kong internet stocks, e-commerce companies, fintech firms, and other tech-related companies.
KTEC seeks to track the aforementioned Hang Seng TECH Index. The index itself includes the 30 technology companies in Hong Kong’s burgeoning tech sector with the highest free-float market capitalization.
For more news, information, and analysis, visit the China Insights Channel.