While Russia has had significant input and efforts around AI research in the university setting, the country’s industry lacks overall AI talent and number of companies working towards AI related initiatives. The caveat to receiving public funds is that research projects or companies financed with public money will have to share their data. AI startups are raising more money than ever. In fact, almost half of all worldwide patents on autonomous driving come from German car companies or their suppliers such as Bosch, Volkswagen, Audi and Porsche. race against China, Nasdaq executive says Published Wed, Nov 25 2020 5:14 AM EST Updated Thu, Nov 26 2020 1:32 AM EST Abigail Ng @abigailngwy DP World Tour Championship, Dubai. Pelosi sets up showdown vote on $2,000 stimulus checks after GOP blocks Trump’s demand, Congress just passed the most important anti-corruption reform in decades, but hardly anyone knows about it, Why a key Georgia country flipped from red to blue—and what it means for Democrats, Why micro-gyms could be the next big thing in fitness, CA Notice at Collection and Privacy Notice, http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html. Furthermore, American automakers such as Ford, GM, and Google Waymo, as well as Uber and other firms are quickly catching up with the number of patents issued and threatening Germany’s dominance for intellectual property in that area. While US companies have put up significant investment rounds with the power of Silicon Valley’s VC funds, China now has the most valuable AI startup, Sensetime, which raised over $1.2 Billion and a rumored additional $1 Billion raise on the way. Get your ticket for the STIHL National Championship Air Races today. (Disclosure: I’m a principal analyst with Cognilytica). Edward Knight, vice chairman at Nasdaq, says the U.S. is leading the competition in artificial intelligence, but the government needs to get more involved. You may opt-out by. The government also plans to fund large scale AI projects related to medicine, national defense, and public safety as well as starting an AI R&D challenge similar to those developed by the US Defense Advanced Research Projects Agency (DARPA). Agricx is a Google launchpad incubatee and has developed first of its kind mobile-based AI … November 3, 2020 AI Race(s) to the Bottom? Venture capital as an industry was invented and perfected in the US, and the result of that has been the creation of such enduring tech giants like Amazon, Apple, Facebook, Microsoft, Google, IBM and thousands of other technology firms big and small. Lecher, C. (2019, April 16). However, what makes AI as a technology sector different from previous major waves of investment, is that AI is seen as strategic technology by many governments. Both AI Single Races and AI Seasons are available for use with iRacing AI. FPGA chips are coming on fast in the race to accelerate AI ... (CAGR) from 2020 to 2027. The UK sees this as an opportunity to position itself as an AI leader with ethical AI, helping to create standards used for all. In this arena, Russia is certainly a country to be contended with regards to AI dominance. Russian president Vladimir Putin made a statement that: “Artificial intelligence is the future, not only for Russia, but for all of humankind” and that whichever country “becomes the leader in this sphere will become the ruler of the world.” This is one powerful statement. Facebook Tweet © 2020 Fortune Media IP Limited. Germany is an industrial powerhouse, has long been known to have great engineering capabilities, and Berlin is currently Europe’s top AI talent hub. Softbank, based in Japan, has amassed a $100 Billion investment fund, with many international investors including  Saudi Arabia’s sovereign investment fund and other global sources of capital. The government also wants to standardize development of artificial intelligence focusing on image recognition, speech recognition, autonomous military systems, and information support for weapons’ life-cycle. And, in 2019, The German government tasked a new Data Ethics Commission with producing guidelines for the development and use of AI. In addition to the above, there are many countries that are seeing AI as a country level strategic initiative including Israel, India, Denmark, Sweden, Estonia, Finland, Netherlands,  Poland, Singapore, Malaysia Australia, Italy, Canada, Taiwan, the United Arab Emirates (UAE), and other locations. What is notable is that even in the US, the dominance of Silicon Valley as a specific, San Francisco-bay geographic region is starting to slip. France’s President Emmanuel Macron released a national strategy for artificial intelligence in early 2018. The U.K. is of course also the home of Alan Turing, renowned forefather of computing and an early proponent of AI, with the namesake “Turing Test”. In addition, the Chinese technology ecosystem has developed to become a powerhouse in its own right. Summary. Collectively trillions of dollars has been invested in these firms by private and public sector investors to create the technology industry as we know it today. Kathleen Walch is Managing Partner & Principal Analyst at AI Focused Research and Advisory firm Cognilytica (http://cognilytica.com), a leading analyst firm focused on application and use of artificial intelligence (AI) in both the public and private sectors. While there will no doubt be winners and losers in terms of overall investment and return, countries worldwide will reap the benefits of increased adoption and development of cognitive technologies. For the first time, NASCAR Cup Series cars are available for AI competition on iRacing. FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. In addition, the US has an extremely well developed and highly skilled labor pool with academic powerhouses and research institutions that continue to push the boundaries of what is capable with AI. by 2030. RAISE 2020, which will take place between October 5 and October 9, will facilitate an exchange of ideas to create mass awareness about the need … Japan’s government released their Artificial Intelligence Technology Strategy in March 2017. Many European Union (EU) officials have expressed dismay with the way that Facebook, Google, Microsoft, Amazon, and others have hoarded user data, and Macron and his administration are concerned about the “black box” of AI data and decision-making. As mentioned earlier, Japan-based Softbank is an investor powerhouse unrivaled in the venture capital industry. And in 2019 The Beijing AI Principles were released by a multistakeholder coalition including the Beijing Academy of Artificial Intelligence (BAAI), Peking University, Tsinghua University, Institute of Automation and Institute of Computing Technology in Chinese Academy of Sciences, and an AI industrial league involving firms like Baidu, Alibaba and Tencent. Not only is their technology research excellence on par with anywhere in the world, they have the funding to back it up. In 2017 China released a three step program outlining its goal to become a world leader in A.I. Canadian venture capital firm Chrysalix also plans to open a European headquarters in the U.K. as well as invest over $100 million in UK-based startups who specialize in AI and robotics. Chinese companies also work more closely with the Chinese government, and laws in China are the most relaxed with regards to customer privacy and use of AI technologies such as facial recognition on their citizens. The U.S. government needs to get involved in the A.I. South Korea is home to many large tech companies such as Samsung, LG, and Hyundai among others, and is known for it’s automotive, electronics, and semiconductor industries as well as the use of industrial robotics technology. As such, having a focus on AI dominance can also help strengthen that country’s economy, shift global leadership and power, and give military advantages. Artificial intelligence will be used and packaged by a more significant number of people who don’t necessarily need in-depth AI knowledge. The country’s strategy focuses on R&D for AI, collaboration between industry, government, and academia to advance AI research, and addressing areas related to productivity, welfare and mobility. It’s highly politicized, but there are new solutions which could change all that, including artificial intelligence. Why The Race For AI Dominance Is More Global Than You Think As part of this plan, Global Brain, a Japan-based venture capital firm, plans to invest about $48 million in AI-focused UK-based tech startups as well as open a European headquarters in the United Kingdom. Additionally, Germany’s AI strategy was published in December 2018 in Nuremberg. Additionally, the U.S. Department of Defense announced it will invest up to $2 billion over the next five years towards the advancement of AI. AI can also have a dramatic impact on the labor market, disrupting entire industries and creating whole new ones. health, transportation (such as driverless cars), the environment, and defense/security, Atomico’s 2017 State of European Tech report, utonomous vehicle development activities as early as 1986. tech hub region in southern Germany, called Cyber Valley, Russia has said that intelligent machines are vital to the future of their national security plans, The government also wants to standardize development of artificial intelligence focusing on, reported $12M invested by the government in research efforts. The country announced that over the next five years it will invest more than €1.5 billion for AI-related research and support for emerging startups in a bid to compete with the US, China, and others for AI dominance. The way the technological world has reacted to GPT-3 should alleviate any doubts that AI is not the future. The French strategy is to put an emphasis on and target four specific areas of AI related to health, transportation (such as driverless cars), the environment, and defense/security. China has many multi-billion dollar tech giants including Alibaba, Baidu, Tencent, and Huawei Technologies, who are each heavily investing in AI. Bike race coverage has changed a lot in recent years. In 2018 the United States issued an Executive Order from the President naming AI the second highest R&D priority after the security of the American people for the fiscal year 2020. Clearly, you can’t count South Korea out of any race for AI dominance. This strategy includes an Industrialization Roadmap and focuses the development of AI into three phases: the “utilization and application” of AI through 2020, the public’s use of AI from 2025-2030, and lastly an “ecosystem built by connecting multiplying domains”. The Verge. December 25, 2020. "Sentiment analysis" of social media posts shows Biden ahead of Trump by just 3%, much closer than most polls show. While the race for AI domination might seem similar to the Space Race or aspects of the Cold War, in reality the AI market doesn’t support a winner take all approach. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell My Personal Information | Ad Choices  Categories: AI Security Initiative, Events. China’s government has already embraced the use of facial recognition technology and has quickly adopted this technology in everyday use. December 9, 2020 11:40 AM Harnessing artificial intelligence and machine learning technologies has become the new arms race among the great powers, a Hudson Institute panel on handling big data in military operations said Monday. Since the mid-2010s, many analysts have argued that such a global arms race for better military AI has already begun. Russia is still a world superpower in terms of military might, and exerts significant influence in world markets, especially in the energy sector. AI Stocks: The Real Winner of the Artificial Intelligence Race Here is the right way to play the AI trend By Louis Navellier , Editor, Growth Investor Jan 6, 2020, 11:19 am EST January 6, 2020 © 2020 Forbes Media LLC. The United Kingdom is a clear leader for AI and the government is financially supporting AI initiatives. In fact according to a recent report from analyst firm Cognilytica, France, Israel, United Kingdom, and the United States all are equally strong when it comes to AI, with China, Canada, Germany, Japan, and South Korea equally close in their AI strategic strength. The race route changes each year, approximately 2,400 statute miles in length with 8 or 9 timing points. Jumeirah Golf Estates, Dubai, UAE Countries and corporations around the world are vying for leadership in AI development and use, prompting widespread discussions of an “AI arms race” or “race to the bottom” in AI safety. Artificial Intelligence Just Revealed a Potential Concern for COVID Vaccine Makers Vaccines are another part of the COVID-19 story related to demographics and race. And just outside the US, Canadian firms from Toronto, Montreal, and Vancouver are further eroding the dominance of Silicon Valley with respect to AI. Not only will AI transform the way we work, interact with each other and travel between locations, but it also has an impact on weapons technology, modern warfare, and a country’s cyber security. The artificial intelligence field is too white and too male, researchers say. He … Many companies such as Samsung, Fujitsu, DeepMind, IBM and Microsoft have announced plans to open offices in France for AI research. The world’s military powers have been competing to dominate this new class of intelligent weapons for years, with this AI arms race occurring against a contentious global landscape where an advantage in military AI could make a real difference to the balance of power. As such, the UK has exhibited in the past significant influence positively, and negatively, in worldwide AI spending and adoption. All rights reserved. The only thing significantly lacking is a well-developed venture capital ecosystem and a large number of startups. Silicon Valley is both a region as well as a euphemism for the entire tech industry, showing how dominant the US has been for the past several decades with technology creation and adoption. History, politics, and critical race theory Some of these countries have more financial than technical resources, or vice-versa. However, if you look closely, you’ll see that many other countries have a stake in the AI race, and indeed, some countries have AI efforts, funding, technologies, and intellectual property that make them serious contenders in the jostling for AI dominance. As recently as 2020 the United States launched the American AI Initiative with the strategy aimed at focusing the federal government resources. Some notable AI researchers and data scientists were educated in France, such as Facebook’s head of AI Yann LeCun. The US federal government also launched AI.gov to make it easier to access all of the governmental AI initiatives currently underway. AI-focused companies raised $12 Billion in 2017 alone, more than doubling venture funding over the previous year. These German companies had begun their autonomous vehicle development activities as early as 1986. The new hub plans to focus on AI and robotics, make better use of research talent, and collaboratively work with companies such as Porsche, Daimler and Bosch. A Panel Discussion. When people hear about the race for Artificial Intelligence (AI) dominance, they often think  that the main competition is between the US and China. 10 - 13 Dec 2020. If AI is the Future, it needs Funding. A new tech hub region in southern Germany, called Cyber Valley, is hoping to create new opportunities for collaboration between academics and businesses with a specific focus on AI. Japan has long been a leader in the AI industry, and in particular their development and adoption of robotics. Credit: TechCrunch. The battle for AI supremacy: Yet after years of threatening U.S. leadership in artificial intelligence, China is still lagging behind the U.S. in investment, innovation, and implementation of artificial intelligence (AI). ... News National Politics The Race 2020. Furthermore, the Chinese government has made big bets including a planned $2.1 Billion AI-focused technology research park. The French administration also wants to share new data sets with the public making it easy to access and build AI services using those data sets. South Korea’s government is a significant investor and strong supporter of local technology development, and AI is certainly no exception. She is also co-host of the popular AI Today podcast, a top AI related podcast that highlights various AI use cases for both the public and private sector as well as interviews guest experts on AI related topics. As a result, many technology developments, investment, and intellectual property exists outside the US and China. This powerhouse accesses 483 petaflops of storage and 5.0M CPU cores for Covid-19 research. Actions. This support includes the creation of an AI-oriented start-up incubator to support emerging AI businesses and funding for the creation of an AI semiconductor by 2029. In this case, the return ratio is 710% (1,420 ÷ 200 x 100). The government aims to make the AI industry worth about $150 billion and is pushing for greater use of AI in a number of areas such as the military and smart cities. Countries that have been involved with AI since the early days are realizing the strategic nature of AI and doubling down on their efforts to retain a stake in global AI share and maintain their relevance and importance. A.I. S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. The Current Leaders in AI Funding and Dominance: US and China. Kathleen Walch is Managing Partner & Principal Analyst at AI Focused Research and Advisory firm Cognilytica (http://cognilytica.com), a leading analyst firm focused on. After all, the US and China have most of the largest and most well funded AI companies on the planet, and the pace of funding, company growth, and adoption doesn’t seem to be slowing anytime soon. The STIHL National Championship Air Races will be held September 15-19, 2021. A person of mixed race might disagree with how an algorithm classifies them, says Carly Kind, director of the Ada Lovelace Institute in London, a research group that focuses on applications of … The race for competitive advantage in artificial intelligence (AI) is not just the domain of companies and organizations. Countries vie with each other for dominance in the space of AI, seeking competitive advantages for their industrial ecosystem, military and defense, academic institutions, and areas of private and public sector enterprise. Ensuring that your AI algorithm doesn’t unintentionally discriminate against particular groups is a complex undertaking. Google Warned Scientists About Disclosing AI Research on Race, Gender, Facial Analysis Paresh Dave and Jeffrey Dastin Wednesday, 23 December 2020 06:25 AM Close Despite these intellectual property and early market leads, Germany has not invested at the same levels as other countries, and the technology firms are highly concentrated in manufacturing, automotive, and industrial sectors, leaving other markets mostly untapped with AI capabilities. Although America still ranks number one, a new study has placed China second in the world for the development and implementation of AI. is transforming economies and societies around the world. All Rights Reserved. Despite that, Russian investment in AI is still significantly lacking that of other countries, with only a reported $12M invested by the government in research efforts. 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