Commentary: The AI Wars Have Not Even Begun

To gauge by the news headlines, it would be easy to believe that artificial intelligence (AI) is about to take over the world. Kai-Fu Lee, a Chinese venture capitalist, says that AI will soon create tens of trillions of dollars of wealth and claims China and the U.S. are the two AI superpowers. There is no doubt that AI has incredible potential. But the technology is still in its infancy; there are no AI superpowers. The race to implement AI has hardly begun, particularly in business.