What investment trends reveal about the global AI landscape

It's a serious competitor and has made massive gains, but China's AI prowess is still often oversold. Our data suggest that America still leads in AI venture capital and other forms of private-market AI investment, and Chinese investors don't seem to be co-opting American AI startups in large numbers. Policymakers should focus on reinforcing the vibrant, open innovation ecosystem that fuels America's AI advantage, and take a deep breath before acting against China's technology transfer efforts and AI abuses. Action is necessary, but misunderstanding China's overall position in AI could lead to rushed or overbroad policies that do more harm than good. AI is a global wave, not a bipolar contest.