There is extensive competition between the US and China when it comes to the development of artificial intelligence and the role it serves in geopolitics. Events are taking a turn that may end in the US ultimately winning but it is inconclusive because China will not face a shortcoming that the US will and it is not related to its financial contribution in the industry of artificial intelligence. Within 2 years, China has captured more AI venture than the US.
Talent and resources is again not one of the shortcomings to be faced by the US because it still is one of the largest pool for researchers, graduates, and students in the AI field. Finally, differences between the economic conditions of both countries, again doesn’t play a part in this problem. These problems, though very relevant to the international economy, are still not the answer to the question at hand. It’s the demographics.
The bias and discrimination prevalent in the US is the central social problem with AI as it affects recruitment, advertising, marketing, biometrics, health insurance and law enforcement. The population of China is largely comprised of the Han so the large-scale incorporation of AI services in today’s digitalized economic environment will be a lot quicker and efficient in China compared to the US.
The long-term risks of the development of AI gadgets have been ignored by large companies in the name of innovation. In the US this ignorance had become a general practice. Innovation is an essential component for progress in the AI industry and it allows companies to be more independent of their work, they make decisions according to their needs to stay ahead in the market and so they expect the government to intervene little. But this can be manipulated by the companies to avoid accountability in their industry which can prove harmful for the country.