The United States has long been considered a leader in the field of Artificial Intelligence (AI). But now, many American companies are pouring billions of dollars into China’s own AI sector.
According to the Chinese government, US firms invested more than $31 billion in Chinese AI companies in 2017 alone. This is more than any other country in the world, and it’s a sign of the increasing influence China has on the global tech industry.
Chinese AI companies have become particularly attractive to American investors due to their cutting-edge technology and their ability to scale quickly. Chinese firms have been able to develop revolutionary technologies such as facial recognition and driverless cars in a very short period of time. This has created a lot of opportunities for US companies to get involved in the Chinese AI market.
American companies aren’t just investing in Chinese AI companies, they’re also partnering with them. For example, US giant Microsoft recently partnered with Chinese AI firm Horizon Robotics to develop autonomous driving technology.
This increased investment in China’s AI sector is a win-win situation for both countries. It gives American companies access to the latest technology, while providing Chinese firms with the funding they need to continue their rapid development.
It’s clear that US firms are investing heavily in China’s AI sector and that this trend is likely to continue in the future. This is great news for both countries as it could lead to new products and services that will benefit people around the world.