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US-China AI Competition in the Spotlight
Truth on the Market
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Both the United States and China are pursuing national policies to promote the development of artificial intelligence (AI). In the United States, the White House’s recently announced AI Action Plan features a deregulatory approach to drive innovation and build an AI infrastructure that could be exported overseas. The Chinese government’s AI plan instead proposes a global consensus-building organization that would seek a balance between AI development and security.
The competition between these contrasting approaches may be expected to have major implications for the adoption of AI around the world and, thus, for the future of the global economy. A consistent deregulatory emphasis might be a winning American strategy.