[…] To date, the US has spent far more than any other country on AI. But a large part of that is made up of investments into privately owned AI businesses; it is not necessarily a sign of a coherent nationwide AI strategy. To see evidence of that, you need to look to China.
China may be in second place right now, but its government-driven industrial policies have committed to a level of AI spending this decade that will eclipse the US. According to Tortoise, the value of China’s AI spending plans are “one-and-a-half times greater than every other country in the world – combined”. It already spends more than the US on AI research. […]
Spending on AI hit $97.8 million between 2014 and 2019.