IN 2016, the top 1 percent of the world's population owned half of the global wealth. But for the past two years, the income of 99 percent of the global population has worsened while the income of the top 10 richest people has doubled, of which eight out of 10 are technology titans.

Digital transformation is one of the most crucial factors changing modern human life — from steam engines, electronic machinery, digital computers to artificial intelligence (AI). Recent AI-related technologies include software as a service, robotics, the Internet of Things and virtual reality.

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