China closes the gap in AI race with US
A new Bloomberg analysis quantified the US’ narrowing lead over China in the AI race.
China is rapidly closing the gap in the AI race with the United States, according to a new Bloomberg analysis. While top American AI systems still outperform their Chinese counterparts in benchmark testing, Chinese labs are gaining ground globally due to their lower price points. This cost advantage has attracted significant investment from Chinese startups and tech giants, with Baidu and Alibaba both pouring billions into AI development.
However, Baidu's AI bet has been struggling, and Alibaba reported falling earnings last quarter despite its heavy AI investments.
Brief written by urgent.news from Semafor's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
