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Can the US Out-Innovate China in AI Development?

SB Crypto Guru News by SB Crypto Guru News
November 20, 2024
in Crypto Updates
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Can the US Out-Innovate China in AI Development?


A report from the US congressional commission has urged the government to implement an artificial intelligence (AI) initiative on the scale of the Manhattan Project.

This recommendation comes as the nation faces competition with China in technological innovation.

The report, published by the US-China Economic and Security Review Commission (USCC) in November, outlined the necessity for a government-led program to accelerate the development of artificial general intelligence (AGI). This AI, defined as systems capable of performing tasks at or beyond human-level intelligence, could surpass human expertise across all domains.

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The Manhattan Project was a joint effort during World War II that brought together public and private resources to create the first nuclear weapons. The USCC emphasized that a similar public-private collaboration is essential for achieving AGI leadership.

Key proposals include granting the highest national security designation to AI projects. The commission also recommended long-term contracting powers for the executive branch, alongside funding for AI, cloud computing, and data infrastructure companies.

The report highlighted China’s efforts in emerging technologies, including AI, quantum computing, biotechnology, and advanced energy storage. Despite current US advantages in critical areas like advanced chips, computational capacity, and expansive datasets, China’s ability to adapt has allowed it to maintain steady progress.

The report warned that if China successfully overcame existing barriers, its technological growth could have far-reaching consequences. Such advancements could undermine the United States’ economic and military strength, destabilize security in the Pacific, and potentially shift the global power balance.

In other news, pro-crypto advocate Howard Lutnick was appointed Commerce Secretary in Trump’s cabinet. What does this mean for crypto policy? Read the full story.

Aaron S. Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.




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