Weblog with daily updates of the news on a frugal, fair and beautiful China, from the perspective of internet entrepreneur, new media advisor and president of the China Speakers Bureau Fons Tuinstra
Job displacement is a significant concern with AI advancements.
Regulation is crucial to ensure technology is used ethically.
Humanoid robots will become integrated into daily life.
AI may develop a form of consciousness over time.
Education will evolve to be more individualized and multimodal.
The future of governance may involve AI leadership.
As technology advances, we must focus on ethical considerations
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The metaverse is poised to grow fast in the coming three years, says Rupert Hoogewerf, chairman and chief researcher of Hurun Report, who published a report about the industry, according to the state-owned China Daily. Technology giant Huawei tops the list with the greatest potential in the metaverse for the first time, followed by Alibaba, Baidu, China Telecom and China Mobile.
The China Daily:
China’s metaverse-related industry is expected to grow fast in the next three years, thanks to continuing maturity and the application of key technologies including 5G, artificial intelligence, blockchain, cloud computing and virtual reality, according to an industrial report.
“Whether it’s entertainment, social media, online education, telecommuting, or digital marketing, the metaverse can offer entirely new experiences and models in the years ahead,” said Rupert Hoogewerf, chairman and chief researcher of Hurun Report.
Hoogewerf made the remarks after the Hurun Research Institute released a ranking report of 200 Chinese companies with the greatest potential in the metaverse in 2024 in Nansha district of Guangzhou, the capital of Guangdong province, in late August.
“The metaverse is considered a strategic emerging industry and will accelerate the promotion of Nansha to become an innovation highland and emerging industry incubation highland in the Guangdong-Hong Kong-Macao Greater Bay Area,” said Hoogewerf.
The report refers to companies based in the Chinese mainland, Hong Kong, Macao and Taiwan. For the main list, companies considered have a value of $1 billion or more.
“There has been a clear trend of metaverse-related businesses in the past three years, especially in the fields of education, finance, tourism and healthcare,” said Hoogewerf.
Technology giant Huawei tops the list with the greatest potential in the metaverse for the first time, followed by Alibaba, Baidu, China Telecom and China Mobile.
While the controversy between China and the US is heating up, and almost every country tries to invest in their own AI, Alvin Wang Graylin, co-author of Our Next Reality: Preparing for the AI-powered Metaverse, pleads for a global approach to developing the new industrial revolution, he tells in an interview wat WISE on Air with Elyas Felfoul.
AI-expert Alvin Wang Graylin, c0-author of Our Next Reality: Preparing for the AI-powered Metaverse, gives the commencement address at the 2024 UW ECE Graduation Ceremony, telling the new generation how the next industrial revolution will work out in their lives and careers. What challenges will the graduates face in the next ten years?
Behind all the geopolitical shuffles between China and the US, the war on AI and the metaverse is raging, says AI expert Alvin Wang Graylin in an interview with Cyrus Janssen. And that is a wrong signal for the rest of the world, as both forces should not try to contain the other, for national security reasons or whatever, but work together, he argues.
Alvin Wang Graylin, interviewed by Ashley Dudarenok
Metaverse expert Alvin Wang Graylin of HTC explains to marketing guru Ashley Dudarenok how the 3D metaverse will change the internet, with China in a leading role, at Ashley’s weblog. Expect major unsettling developments in the upcoming 5-10 years.
The next ten, twenty years are going to be the most interesting, argued Alvin Wang Graylin, China President, HTC, at the Singapore conference AWE Asia this week, as technologies to virtualize almost all in our lives become mature. “And our generation is the first to see that happen,” he says.
China, and especially its youngsters, are paving the way into the metaverse, says innovation expert Arnold Ma, founder of Qumin, in Techround. For example, when it comes to funding of charities, he adds. “China’s younger generations are highly receptive to emerging technologies, so a metaverse version of an initiative like 99 Giving Day, powered by WeChat or a future platform, would be a powerful way to attract more funding.”
Arnold Ma:
“A lot of discussions this year have been around how the metaverse is dead and ChatGPT is king. But the scene in China looks different. Zhongguancun, which is like the Silicon Valley of Beijing, released a white paper earlier this summer calling Web3 and the metaverse an ‘inevitable trend for future Internet industry development’. Far from just being a fleeting commercial opportunity, the metaverse is clearly at the heart of China’s vision for a world-leading digital economy.
“Part of what sets China’s approach apart is the emphasis placed on harnessing Web3 innovations for common prosperity, which means putting technology to work to make society more equal. Tencent has already been driving forward a new era of Internet-based philanthropy in China with its long-running flagship initiative 99 Giving Day. This gamified version of donating, which allows people to support their favourite charities easily via WeChat, has helped lower the barrier to entry in philanthropy and unlock millennials and Gen Zers as active contributors.
“There is massive potential to migrate this approach to a metaverse space. China’s younger generations are highly receptive to emerging technologies, so a metaverse version of an initiative like 99 Giving Day, powered by WeChat or a future platform, would be a powerful way to attract more funding, and at the same time kickstart the process of integrating Web3 into wider society.”
“Right now, there’s so many screens in our lives, and the natural thinking is that we’re going to keep having a lot more screens,” Graylin told the Augmented World Expo (AWE) Asia 2023 event in Singapore today. “And with this trend, you’re thinking, hey, it’s going to be another five or ten screens over the next few years. No, it’s actually the opposite.”
“Where we are going now is using the most natural interfaces that we have – our hands, our eyes and mouth, our bodies, and natural ways of how we interact with the physical world,” he told the audience.
“What we’re going to find is that by having a device on your head, more and more of those screens are going to be replaced by that device on your face. And that device at some point will maybe even get embedded as a chip in your body,” he added.
As the gabfest’s name implies, he’s suggesting a transition to life lived in extended reality (XR) – probably beaming out from a single screen worn on your noggin to replace the collection of smartphones, computers, televisions, tablets and e-readers we use today. The myriad screens in public spaces are also at risk.
Graylin predicted the tech to make XR happen is happening.
“Over the last year, we can see new generations of products coming,” Graylin told the conference. He described next-gen XR products as thin and light – and becoming the new norm as more and more screen-bearing devices are replaced with headgear.
Among the often dark outlook for China’s economy, marketing expert Ashley Dudarenok comes with some bright sparks: five emerging consumer groups. She looks at her vlog at Gen Alpha, the metaverse consumers, pet lovers, young and health-conscious consumers, and outdoor enthusiasts.
The next ten, twenty years are going to be the most interesting, argued
