The rapid growth of development in the modern era led to the rise of Artificial Intelligence. The impact of AI in the global market is sure to impact the Economies across the world. The current scenario is showing an almost 60% growth rate in Artificial Intelligence.
Now, if we deep dive further, then we can observe that many countries are battling to win the AI race. But who is at the top? Let’s find out.
AI is in great demand
The modern world has a lot of competition in various sectors such as Manufacturing, Industrial, Agricultural, Energy and significantly more. So, all need to cut the manpower cost and at the same time need smooth management, all this can be possible with the help of AI.
AI can play a major role to boost the economy and some countries are even planning to retain AI in the Defense sector. Now, it’s time to look for the stats to get a close view of the winner of this AI race.
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The United States is a developed country and is always keen to be at the top of the global market. So, in this battle also, US agency, the National Science Foundation has spent 100 million dollars in the research work of AI and is planning to spend the same amount each year.
Moving ahead, the United State Government has launched a Joint Artificial Intelligence Center to boost its military power.
Are the above stats sufficient to conclude that the US is leading in AI? Well, that was only the effort done by the US, however, there are other major countries that are also in the race and one of them is China.
China is the frontrunner
The growth rate of China has increased significantly and giving tough competition to the US. As per the recent survey, China has shown a deep interest in AI to boost the economy and for that, it has published 40k research papers in AI.
Even the Chinese Official stated that they will become the center point in AI globally by the end of 2030. The current stats are showing that China is leading, and future plans & development are indicating that China will be at the top of this race unless others really adopt an aggressive approach.
The US has already banned some Chinese AI companies and at the same time, the export of American AI software to China has been restricted. It will be interesting to see how these 2 major superpowers outdo each other in the near future to win the AI race.