Skepticism remains as to whether the application of artificial intelligence will really usher in a new era of sustained acceleration in productivity. US Federal Reserve Chair Jerome Powell’s take last month was “probably not in the short run,” though “probably maybe in the longer run.”
But one thing that’s emerging is a major difference between the world’s two largest economies with regard to how AI research and applications will be funded. And that in turn may affect the extent to which experimentation and diffusion of generative AI, or that which creates new content, evolves in the US versus China.
