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January 11, 2018 08:00 pm
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/iT6wxnaCaCI/chinese-workers-abandon-silicon-valley-for-riches-back-home
Chinese Workers Abandon Silicon Valley for Riches Back Home
From a report on Bloomberg: U.S.-trained Chinese-born talent is becoming a key force in driving Chinese companies' global expansion and the country's efforts to dominate next-generation technologies like artificial intelligence and machine learning. Where college graduates once coveted a prestigious overseas job and foreign citizenship, many today gravitate toward career opportunities at home, where venture capital is now plentiful and the government dangles financial incentives for cutting-edge research. "More and more talent is moving over because China is really getting momentum in the innovation area," said Ken Qi, a headhunter for Spencer Stuart and leader of its technology practice. "This is only the beginning." Chinese have worked or studied abroad and then returned home long enough that there's a term for them -- "sea turtles." But while a job at a U.S. tech giant once conferred near-unparalleled status, homegrown companies -- from giants like Tencent to up-and-comers like news giant Toutiao -- are now often just as prestigious. Baidu Inc. -- a search giant little-known outside of China -- convinced ex-Microsoft standout Qi Lu to helm its efforts in AI, making him one of the highest-profile returnees of recent years.Read more of this story at Slashdot.
Original Link: http://rss.slashdot.org/~r/Slashdot/slashdot/~3/iT6wxnaCaCI/chinese-workers-abandon-silicon-valley-for-riches-back-home
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