US and Chinese tech firms are a good bet despite the trade spat.U.S. and Chinese technology companies in the next ten years and would rather see cooperation between the world's two largest economies instead of "outright competition."
There is also a very "significant race" between the U.S. and China on the technology front, particularly in artificial intelligence.
In areas like health care or clean energy, cooperation would be much better between the two countries and their technologies than would be outright competition.
Even if the trade war intensifies, American and Chinese tech companies remain good investing opportunities in the future because they would likely represent the lion's share of technology gains.
We do believe ten years from now, of the 20 largest market cap companies of the world, several of which are likely to be $2 trillion or more, 18 of the 20 will be Chinese and U.S. technology companies.
We thinks the next group of technology visionaries will emerge from China, developing various artificial intelligence applications for the environment, education and health care.
Artificial intelligence is an area where both countries are already competing fiercely. Chinese start-ups working on artificial intelligence are already attracting more funding than their American counterparts: 2017, China received 48 percent of global AI funding compared to 38 percent in the U.S.
China has previously said that it wants to become the world leader in AI by 2030. Chinese AI companies are leading their American rivals in areas of facial recognition and visual computing, including AI image.
Currently American firms still have an advantage than their Chinese counterparts.The United States companies have better data, they understand how to analyze that data.
Investors should understand that there is an opportunity investing into both American and Chinese tech companies because in the long run they will make up some of the world's most successful companies.