The Economic Impact of Artificial Intelligence in China And US
DOI:
https://doi.org/10.54097/tby1qd43Keywords:
Artificial Intelligence, innovation, security, privacy.Abstract
Given the recent rise and popularity of ChatGPT along with many working robots and technology in general many questions have been raised. There is an ongoing concern about the security and privacy of society, whether AI will have complete control of it. Many different flaws and problems with the AI industry may initially be the concern of many: however, this paper is here to say those issues are not addressable without the innovation and the help of experts in the “AI arms race” as it has been labelled. The sudden surge that China has approached the industry as well as the already dominant US expertise creates a tense and desperate attempt to obtain superiority. Although the industry may be looked down upon as a breach of privacy, many big companies have invested large sums of money to develop the newest cutting-edge technology and aims to help economic growth through the production of AI. Jobs are being threatened through the development of the AI industry and the US and China are trying to mitigate the impacts whilst also finding the new talent and innovation necessary to move forward.
Downloads
References
Allison G. Schmidt E. Is China Beating the US to AI Supremacy? Harvard Kennedy School, Belfer Center for Science and International Affairs, 2020.
Amy Thomson, Stephanie Bodoni. Google CEO thinks AI will be more profound change than fire. [EB/OL]. (2022-01-20) [2023-08-30]. https://www.bloomberg.com/news/articles/2020-01-22/google-ceo-thinks-ai-is-more-profound-than-fire
Nik Martin. AI: How far is China behind the West? [EB/OL]. (2020-06-07) [2023-08-30]. https://www.dw.com/en/ai-how-far-is-china-behind-the-west/a-66293806#:~:text=%22The%20big%20innovations%20in%20AI,University%20of%20Washington%2C%20told%20DW.
InvestGlass. Which countries are leading the AI race? [EB/OL]. (2022-06-02) [2023-08-30]. https://www.investglass.com/which-countries-are-leading-the-ai-race/#:~:text=The%20global%20AI%20race%20is,heavily%20in%20research%20and%20development.
Nathan Benaich, Ian Hogarth. State of AI Report 2022. [EB/OL]. (2022-11-11) [2023-08-30]. https://www.stateof.ai/
Mou X. Artificial intelligence: Investment trends and selected industry uses. International Finance Corporation, 2019.
Yuki Okoshi. China overtakes US in AI patent rankings. [EB/OL]. (2019-10-03) [2023-08-30]. https://asia.nikkei.com/Business/Business-trends/China-overtakes-US-in-AI-patent-rankings
Largest internet companies by market cap. [EB/OL]. (2021-11-05) [2023-08-30]. https://companiesmarketcap.com/internet/largest-internet-companies-by-market-cap/
Executive Office of the President National Science and Technology Council Committee on Technology. Preparing for the future of Artificial intelligence. [EB/OL]. (2016-10-03) [2023-08-30]. https://obamawhitehouse.archives.gov/sites/default/files/whitehouse_files/microsites/ostp/NSTC/preparing_for_the_future_of_ai.pdf
Agrawal A, Gans J, Goldfarb A, editors. The economics of artificial intelligence: an agenda. University of Chicago, 2019.
Vaishya R, Javaid M, Khan IH, Haleem A. Artificial Intelligence (AI) applications for COVID-19 pandemic. Diabetes & Metabolic Syndrome: Clinical Research & Reviews, 2020,14(4):337-339.
Chen Y. Improving market performance in the digital economy. China Economic Review, 2020, 10(62): 101-482.
Zwetsloot R, Heston R, Arnold Z. Strengthening the US AI workforce. Center for Security and Emerging Technology, Georgetown University, 2019.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
