AI is the new space race.Here’s what the biggest countries are doing

The United States and China currently dominate the world of artificial intelligence, but used very different approaches to get there. While the US’s academic system has generated and incubated the research that made today’s AI possible, China’s government has pledged billions in funding and offered the technology its full-throated support.

China is investing at least $7 billion through 2030, including $2 billion for a research park in Beijing. The Chinese government foresees a $150 billion AI industry by that time, and has the most comprehensive national plan to become a leader in the technology. Chinese startups also received 48% of all funding for AI investments, according to CB Insights.