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05.02.201905:53 Forex Analysis & Reviews: The Internet can be divided into Chinese and American

Long-term review

Exchange Rates 05.02.2019 analysis

Increasingly, there are fears that in the next five years, the global network may be divided into two Internet, Chinese and American. The head of the Chinese AI-company Sinovation Ventures Kai-Fu Lee said that the likelihood of such a scenario is quite high.

There is such a thing as a Spline Internet (from the English. Splinternet), the transformation of the global Internet into many local networks, the boundaries between which are determined at the local legislative level. Today, we are talking about the formation of two large camps, Chinese and American. Today, applications and services of these countries dominate the global market.

Lee said that it will not be easy for China in the American and European markets, while in India, Southeast Asia, South America, the Middle East and even in Africa, Chinese products will be in demand. Moreover, the PRC has more data and users, as well as greater support for artificial intelligence (AI) technologies.

Tatiana Strelkova,
Analytical expert of InstaSpot
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