I see ridiculous promises, and a lot 3D CGI videos which could've probably costed $100k+ to produce on both sides of the pacific. 3D CGI works on the impressionable equally well in NYC, and Shanghai.
In America, the dominant majority of people selling the HTML5 supercomputers to the Wall Street are very obvious frauds, who could not possibly know what they are talking about, or just not being afraid at all using silly technobabble.
In China, they are obvious frauds too, and they do shower people with CGI videos as well, except most of frauds there are actual engineers, and computer scientists. They lie, but they also absolutely surely do realise that they are lying to their clients. They at least understand that they have to provide something in the end, regardless of how good their CGI movies are.
A Chinese fraud will take a gazillion of funds from investors and prospective buyers, but in the end, he will put a highschooler level OpenCV trickery, or a cheap Arduino based robot for sale, which may, in the end, turn out to be usable in the industry. He will make some revenue, a potentially useful product, but not necessarily profit.
Most silicon valley frauds on the other hand are seemingly not able to put even a highschooler grade science fair project together, and resort to basically trying to sell a fancy website with a lot of buttons which in the end does nothing real.
This is ironically an example how better, and more convincing fraud may actually end as more beneficial in the end.
In America, the dominant majority of people selling the HTML5 supercomputers to the Wall Street are very obvious frauds, who could not possibly know what they are talking about, or just not being afraid at all using silly technobabble.
In China, they are obvious frauds too, and they do shower people with CGI videos as well, except most of frauds there are actual engineers, and computer scientists. They lie, but they also absolutely surely do realise that they are lying to their clients. They at least understand that they have to provide something in the end, regardless of how good their CGI movies are.
A Chinese fraud will take a gazillion of funds from investors and prospective buyers, but in the end, he will put a highschooler level OpenCV trickery, or a cheap Arduino based robot for sale, which may, in the end, turn out to be usable in the industry. He will make some revenue, a potentially useful product, but not necessarily profit.
Most silicon valley frauds on the other hand are seemingly not able to put even a highschooler grade science fair project together, and resort to basically trying to sell a fancy website with a lot of buttons which in the end does nothing real.
This is ironically an example how better, and more convincing fraud may actually end as more beneficial in the end.