Tech billionaires aren’t the only ones fighting for control of AI. The US and China are too.
The two world superpowers are competing with each other for everything from the intellectual know-how to design AI hardware and software to the raw materials that power artificial intelligence systems. Both are also using government subsidies to spur new advancements.
Where the US holds a commanding lead at the moment is the development of generative AI systems such as large language models (LLMs), according to Frank Long with Goldman Sachs’ (GS) office of applied innovation. These models hoover up existing data and use it as the basis for chatbots like Open AI’s ChatGPT.
Another advantage for the US is that it can place export restrictions on high-performance semiconductors designed by companies like Nvidia (NVDA) that are in intense demand across the AI world. That, for now, is keeping…
