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And they can be harvested every eight months and sold immediately, he said.

And it seems pretty clear that AI is the next battleground for cloud providers, allowing their customers to tap into AI expertise that only the world’s biggest companies can afford to put together these days. Google has arguably been at the forefront of AI research among cloud vendors, and while Amazon has committed lots of resources toward AI research, it tends to lag behind its cloud rivals when it comes to AI services.

And now is "not the time" to let a concern about fiscal deficits "get in the way of us winning this battle", Powell added.

An online store owner applies for a loan through a MYBank mobile phone app in Jingdezhen, Jiangxi province. [Photo provided to China Daily]

And here’s why: Seattle is home to the kinds of people that tech and other companies want to hire, so the companies come to them. The city features a rapidly-growing computer science program at the University of Washington that turns out qualified candidates every year. Seattle is home to Amazon, Microsoft, Starbucks, Nordstrom and many other companies that have been building up strong engineering teams. New firms come in and see those people as ripe for poaching.