The New Global AI Arms Race: How Nations Must Compete On Artificial Intelligence

Most industries already recognize that artificial intelligence (AI) has the potential to create significant economic value – but government support and regulation can also bring the benefits of AI to citizens all over the world. I recently interviewed Trung Ghi and Abhishek Srivastava, who co-authored an article called "The global AI arms race - How nations can avoid being left behind" about the global landscape for AI, and which countries are leading and lagging in the AI arms race. They also shared important insight for decision-makers and world leaders who want to gain a competitive edge in this critical race for AI growth. The ultimate goal for every nation should be growing a resilient economy, not just dominating within a specific region or attracting large corporations. "Artificial intelligence promises to have the same disruptive effect on today's global economy as electricity in the 19th century...In the late 19th century, as electricity was being popularized, it became apparent that it required a new framework, as it was different to virtually every other commodity. Whoever mastered the engineering and economics of electricity would indelibly change the course of history….progress The benefits of electrification did not accumulate for early adopters, but for those who had identified how electrification could transform their societies within its existing context."