China today announced plans to become the global leader in AI research and development. It will increase government spending on core AI programs to $22 billion in the next few years, with plans to spend nearly $60 billion per year by 2025. The announcement sends a clear message: this is the age of artificial intelligence. Reuters reports the Chinese government will soon put forth AI regulations in areas concerning safety, implementation, and control. The US issued a similar statement last year in a White House review of the future of AI. The US and China lead the field in both private-sector…
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