https://images.mktw.net/im-318600
Outside the Box
China’s top-down approach and Europe’s regulations stifle AI’s potential
Last Updated:
First Published:
U.S. companies released 40 major AI models last year; China released 15, and Europe, just three. This is not an accident. Innovation thrives in environments that allow many ideas to compete, evolve and attract resources. The free market — not a government ministry — decides which ones deserve to grow.
Artificial intelligence is transforming nearly every corner of the global economy. Three-quarters of businesses worldwide already use it. The market for AI will reach roughly $240 billion this year and could exceed $1 trillion by 2031.
This post was originally published on Market Watch
