5 years, $50 billion! In order to catch up with China, they call on Biden to speed up the construction of 5G

The American Forbes website recently published an article titled "US$50 billion, 5 years - 5G network will become the next great infrastructure project in the United States", calling on the next US government to invest US$50 billion in 5G network construction in the next five years.

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The article states that in the next decade, 5G will become the foundation for global economic growth, corporate productivity, business creativity, and economic inclusiveness. By 2030, the commercial valuation of the 5G ecosystem will reach 8 trillion US dollars (about 53 trillion RMB). This will push the development of productivity into a new era.

For the United States to have a fully functional 5G network by 2025, the next US government will need to invest $50 billion in this area over the next five years.

The article uses smart transportation (including cars and trucks) as an example to introduce the huge value brought by 5G. The article says that if 5G is 100 times faster than 4G and has a latency of 1-5 milliseconds (human reaction time is 200 milliseconds, 4G latency is 20 milliseconds), then we will witness smart transportation vehicles operating quickly and automatically, much faster than we can imagine. If used properly, this transformation will create greater value than the last major transformation in travel modes - the transformation of travel modes caused by gasoline replacing horsepower in the early 20th century.

From the huge changes in this industry, we can imagine that 5G networks, including related artificial intelligence, Internet of Things, and machine learning, will bring amazing changes to traditional transportation methods and energy networks.

The article states that half of 5G services will be used to build smart infrastructure. The existing transportation network in the United States includes nearly 1 million miles of highways built with federal funding, and 141,000 miles of railways; the existing energy network includes 1.6 million miles of oil and gas pipelines and 200,000 miles of high-voltage transmission lines. The article continues with the example of smart transportation above: Assuming that there are 1 billion cars on the road today, and each car is equipped with 60-100 sensors (soon to increase to 200 per car), the amount of data generated by these vehicles every day is more than the amount generated from human civilization to 2010. This is a remarkable economic resource, and people are only beginning to imagine its value.

Faced with such an opportunity, the article points out that the United States is still hesitant. The article says that the United States and Europe are many years behind China in the field of Industry 4.0 infrastructure construction. The article makes a comparison: China will complete the construction of nearly 1 million 5G base stations by the end of December this year, while the United States will only have about 20,000 by then.

The article states that for this basic technology of the future, the United States can only catch up by increasing investment, which is a rare opportunity for the United States.