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 by a Chinese think tank suggests that the gap in artificial intelligence (AI) investment between China and the United States may not be as wide as initially perceived. Despite the United States being expected to contribute more to the economic growth through AI technology, the report challenges the figures often cited in headlines.
The study, published by China Finance 40 Forum, reveals that even though China's major technology firms plan to allocate about one-eighth of the capital expenditure on AI as the US this year, the comparison doesn't provide a complete picture. The report estimates that China's total domestic AI-related spending will amount to approximately $220 billion this year. This includes $160 billion in capital expenditure and an additional $60 billion in model training and inference.
On the other hand, US spending is anticipated to reach $840 billion. Based on these projections, China's investment in AI appears to be significantly smaller than the US's. However, the report argues that this comparison does not fully capture the scale of China's AI investment.
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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