Countries need national strategy for AI to stay competitive

In a webinar hosted by the MIT Sloan Management Review, Gerbert cited numbers from a new report, "Global Competition with AI in Business: How China Differs." The report said 91% of Chinese companies have increased their spending on AI projects since last year. In the U.S., that number is 74%. Within the last three years, 60% of Chinese companies have adjusted their business models to orient their operations around AI, while only 53% of U.S. companies have followed suit. Much of these changes in China's business realm are driven by the country's government.