While the White House report got modest news coverage and a mildly enthusiastic response from the AI community, this was barely a hiccup in comparison to China’s clarion call. When the CCP speaks, everyone listens.
Within a year, Chinese VC investors were pouring record sums into AI startups, surpassing the US to make up 48 percent of AI venture funding globally. Over the past decade, Chinese government spending on STEM research has grown by double digits year on year.
And China’s political system is set up such that local officials are incentivized to outcompete others for leadership in CCP initiatives, each striving to lure in AI companies and entrepreneurs with generous subsidies and advantageous policies.
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