Europe must act fast if it wants to compete in the AI 'arms race' - teiss

In 2017, China laid out a three-step roadmap to become the world leader in AI by 2030. It hopes to make the industry worth 1 trillion yuan, or $147.7 billion, within the next decade. Already, it has announced billions in funding for innovative startups and launched programmes to entice researchers. It might not be long before it gains an edge over the US. That said, the US continues to pave the way, as is the case with many new fields of technology. In 2019, President Donald Trump signed an executive order announcing the American AI Initiative, which orders funds, programmes and data to be directed towards the research and commercialisation of AI.