US urged to follow China’s lead in treating data as an economic asset
As China deepens the commercialisation of its vast troves of data, the United States needs to develop its own national data strategy that treats data as an economic asset to better position itself to prevail in emerging technologies such as artificial intelligence and robotics, a key US congressional advisory body has said. In a report published on Tuesday, the US-China Economic and Security…
The US-China Economic and Security Review Commission (USCC) has urged the United States to adopt China's approach of treating data as an economic asset, in order to better compete in emerging technologies like artificial intelligence and robotics. The report warns that the US risks losing global leadership in data standards if it does not act now, as China has already elevated data to a core strategic asset.
Since 2020, China has established thousands of data exchanges and introduced pilot programs to treat data as a resource to be shared and traded. Unlike China's top-down industrial policy approach, the US should engage in developing its own national data strategy to position itself favorably in the future.
Written by urgent.news from South China Morning Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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