The U.S. and China Are Pursuing Different AI Futures

More money has been invested in AI than it took to land on the moon. Spending on the technology this year is projected to reach up to $700 billion, almost double last year’s spending. Part of the impetus for this frantic outlay is a conviction among investors and policymakers in the United States that it needs to “beat China.” Indeed, headlines have long cast AI development as a zerosum rivalry between the U.S.