Artificial Intelligence: China’s High-Tech Ambitions
Already, Chinese investments in AI, chips, and electric vehicles have reached an estimated $300 billion. Meanwhile, AI giant Alibaba has unveiled plans to invest $15 billion in international research labs from the US to Israel, with others following suit.
Beijing has now mobilized local government officials around AI entrepreneurship and research, led by billions in guiding funds and VC investments. And behind the scenes, a growing force of driven AI entrepreneurs trains cutting-edge algorithms on some of the largest datasets available to date.
As discussed by Kai-Fu Lee in his soon-to-be-released book AI Superpowers, four main drivers are tipping the balance in China’s favor: