China-US Faceoff in Artificial Intelligence

 China-US Faceoff in Artificial Intelligence – Who's Winning and Why

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If you are like me, you’re sometimes preoccupied with these questions and questions like: Are we, China and the United States, in the race to develop artificial intelligence (AI) technologies heading in the same direction? What may be the implications if our countries are not on the same path? Has AI become a critical aspect that our two nations will collide over? An essay published on April 4th, 2016 in The New York Times by Thomas Friedman titled “China is winning the global artificial intelligence arms race” raised some eyebrows in Washington. Friedman concluded that the U.S. has “allowed China to be the dominant player rather than curbing its development and commercialization."

It has been forecasted that China is expected to grow at a much faster rate in the field of Artificial Intelligence (AI) than the United States. There are many reasons for this, but the main reasons are:

1. Investment in AI development

2. Adoption of Technology

3. Education Policy

4. Government policy

Investment

American companies have a lot of money invested in AI technology. According to PwC’s Global Artificial Intelligence Study, American companies are expected to spend $57.6 billion on AI products and services by 2022. This amount is greater than that of China ($19 billion), which is the second most significant investor in AI technology.

On the other hand, the Chinese government plans to make China the world leader in AI, where it aims to create an industry worth $150 billion by 2030.

Adoption of AI Technology

Several innovative companies in China have adopted AI technology to improve their business models. For instance, Alibaba’s Jack Ma has taken steps to bring more automation into the company so that it can improve productivity. Similarly, other players in the market are using chatbots and AI to offer better customer service experiences to customers.

Artificial intelligence: a term that is synonymous with China in 2018. Reports have suggested that China is poised to take the lead in AI just as it did in supercomputing.  Chinese companies like Baidu and Tencent have been investing heavily into AI development, endowing AI-fueled products with capabilities hitherto unknown in the world of technology.

AI in Education

Today’s blog is a comparative study of China and the United States in the field of artificial intelligence (AI), we will also discuss their education policies. The study will address who has more resources available in AI, the strategies they are using to determine the direction they will take in regards to AI in the future, and how they are trying to implement innovative ideas that can change lives.

China is the country that has more educational resources in AI and has created life-altering ideas with the help of AI.

In China, AI is used extensively to solve daily problems such as language translations and even make predictions about the weather. The Chinese government is placing a lot of emphasis on using artificial intelligence to improve its economy. They are also making more investments in both research and development related to AI

In comparison, US students are not learning enough about artificial intelligence in school. Students only get a small amount of content on AI, compared to other science fields like biology or chemistry. Schools need a dedicated curriculum that teaches students how AI works, what it can do, and how they can use it in their careers.

Government Policies supporting the field of AI

The Chinese government has put a lot of effort into attracting AI talent from all over the world. They have created a new visa for foreign talent, which promises 1-year approval for visas and permanent residency in China.

Furthermore, the government offers tax benefits for AI enterprises, subsidies for AI startups, and start-up capital. The government also offers subsidies when AI companies want to open shops in certain parts of China.

Compared to China, the US is falling behind. It only offers H1-B visas to foreigners who want to work in the US, which are only valid for 6 years and are not easy to obtain. There are no incentives or subsidies offered by the US government to AI startups or businesses that use AI as part of their business model.

China has a clear plan on how they want to position itself in this field and wants to become a world leader in this field within 10 years. The US does not have such a vision and seems more concerned about its own interests than those of other countries at the moment.

 

Facts about China’s Superiority

Section: China is planning to pay $7 billion to AI-based start-ups.

Section: The US invested in AI as much as $500 million only in 2017.

Section: China's per capita income is $8,690 while the US's per capita income is $57,466.

Section: China is investing money in the AI field because it can help develop ideas that are economy-driving and labor-saving.

Section: The country is also investing in start-ups for a more human approach to AI.

Section: China has no qualms about putting all its eggs in one basket and directly supporting the industry, which may prove to be a boon for them.

Section: The US can't match China's vision and enthusiasm for AI, so it needs to work on catching up.

Section: China's people are willing to use AI instead of being resistant or trying to do things on their own.

Takeaway: China has a clear vision and investment-intensive programs that will lead to excellent returns.

Conclusion

The majority of people seem to believe that China is ahead of the US in developing artificial intelligence (AI) technology. In terms of research and acquisitions, it does seem so. However, there is a catch; it is not like the Chinese are better than Americans in creating AI, but the government support for research on AI is by far larger than what we have in the US. The result? A flourishing AI industry in China with more to offer.