China-US AI investment gap narrower than figures suggest: report
The AI investment race between China and the US is closer than headline figures suggest, even though the technology is expected to make a greater contribution to economic growth in America, according to a Chinese think tank. The findings come as artificial intelligence becomes a focal point of technological competition between Beijing and Washington, with investment levels, computing power and…
A recent report from China Finance 40 Forum suggests that the gap in artificial intelligence (AI) investment between China and the United States is narrower than commonly perceived figures indicate. Despite the fact that the US is expected to lead in economic growth due to AI advancements, China's investment levels are still significant, according to the think tank.
The study, conducted by a research team associated with China Finance 40 Forum, reveals that in terms of capital expenditure by major technology firms, China plans to invest approximately one-eighth of what the US intends to invest this year. However, the report argues that this comparison does not provide a complete picture of the AI investment landscape.
According to the report's estimates, China's total domestic AI-related spending is projected to reach about US$220 billion this year. This figure comprises $160 billion in capital expenditure and an additional $60 billion allocated for model training and inference. In contrast, the US is anticipated to spend around US$840 billion on AI, with China's investment accounting for about one-eighth of this amount.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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