U.S. should double A.I. funding, says the former head of Google China

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As China becomes more active in artificial intelligence, the U.S. should double the amount it spends on research in the field, says investor and AI practitioner Kai-Fu Lee, who has worked for Google, Microsoft and Apple. The comments come after various parts of the U.S. government have made AI announcements, even as the U.S. overall lacks a formal AI strategy. Meanwhile, China introduced its plan last year: it's aiming to be No. 1 in AI innovation by 2030. "Double the AI research budget would be a good start, given that all other countries are so much farther behind U.S., and we're looking for the next breakthrough in AI," said Lee. Doubling funding could double the chances that the next big AI achievement will be made in the U.S., Lee told CNBC in an interview this week. Lee,, whose book "AI Superpowers: China, Silicon Valley and the New World Order" was published this month by Houghton Mifflin Harcourt, is CEO of Sinovation Ventures, which has invested in one of the most prominent AI companies in China, Face .

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