China Embracing Artificial Intelligence & Biotechnology | Ari Zoldan on CGTN
Ari Zoldan, CEO of Quantum Media Group, appears on CGTN. He discusses the Fortune Global Forum and how China is embracing artificial intelligence, biotechnology, robotics, big data, and globalization - and how those things will impact the Chinese economy.
TIMECODES
0:00 - Intro
0:14 - AI Impact on Job Growth
0:42 - Biotechnology and Guangzhou
1:35 - Why China is the Next World Leader
3:02 - Closing
Host:
So let's talk about more of those opportunities with Ari Zoldan, the CEO of Quantum Media Group. He joins us from New York. So Ari, now we're seeing a big focus on startups, robotics, and AI. Do you think all of this will help with job growth? Or will it hurt job growth?
Ari Zoldan:
No, I mean, this is, this is the 800-pound opportunity for China. Obviously, it starts with creativity, it starts with innovation. Obviously, at the end of the day, it comes, you know, it comes down to the execution aspect of it. But this is only going to spur job growth. And I think it's going to be, it's going to be incredible for China and something that I think China for the people of China, they've been waiting for a very, very long time for this opportunity. So I think it's great.
Host:
Obviously held there in Guangzhou, the center of all that there in China. What about biotechnology? What are some of the pros and cons of genetic engineering, especially when it comes to food insecurity, climate change, health risks, and some of the things that a lot of countries around the world are dealing with?
Ari Zoldan:
Sure. Well, it's a very, it's a, it's a good question. There's a lot of sensitivities, obviously, around biotechnology and, you know, engineering, food concerns, and there's going to be there's no question there's going to be regulation. But I think you know, what's happening in Guangzhou right now, the openness, the Innovation Summit, they're opening up the doors to something in China that they've never had before. So although there will be oversight, there will be regulation, but the fact that and especially Guangzhou is opening themselves and China's opening themselves to creativity to innovation to openness is really a very, very unique opportunity.
Host:
So that being said, how are international companies with all the representatives there, the CEOs? What are they reading into what has come out so far of this form? What are they hoping to get out of it?
Ari Zoldan:
Well, I mean, it starts with a conversation, right? That's sort of where That's where openness starts from. And then understanding China's roadmap, understanding what sectors, what sectors that China is going to be focused on, you know, is it going to be artificial intelligence? Is it going to be biotechnology? Is it going to be big data? And I'm willing to bet it's going to be those four sectors, that without a doubt, China's going to be the world's leader.
Host:
And obviously, you know, China is trying to send a message as well by hosting this big forum. So do you think overall, globalization is the big theme here? And what would you say, will be the big takeaway?
Ari Zoldan:
That's a, that's a very good question. I think the answer to that is the fact that figuring out how government can and can and will be able to support innovation and support entrepreneurs. Look, I spend a lot of time in China, speaking to corporations about building internal innovation systems and processes and really fostering that kind of creativity. And when I did it 10 and 15 years ago, people would look at me with three heads. Today, when I do it internally at these corporations, they completely get it. But more so is that they're really really focused and very passionate about actually executing on this idea.
Host:
All right, Ari Zoldan. Thank you so much for your insight.
Comment down below what your thoughts are! Are you excited about the technological advancements that lay ahead or do you have concerns?
Like this video and subscribe for more info on the world's latest news from an expert on the economy, technology, and marketing.