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In addition to tech billionaires, the United States and China are engaged in a fierce competition for dominance in the field of AI. Both nations are leveraging government subsidies to propel advancements in the evolving field.
Currently, the United States holds a prominent position in the development of generative AI systems, particularly large language models (LLMs). China, however, is countering with its own maneuvers. It is restricting the export of chipmaking metals gallium and germanium to the US while also reportedly amassing a new 7 billion chip fund to back its own major projects.
The AI arms race between the US and China is heating up
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