Fisher: Chinese Investors Needn’t Fret Over the AI ‘Race’

Is China falling behind on AI? Doomsayers think so, claiming U.S. tech export restrictions and global chip competition hamper China’s Artificial Intelligence (AI) progress. Dour Western commentators shriek China’s ChatGPT precautions — and other national AI measures — further limit your country’s AI competitiveness. But such gloomy prognostications are doubly wrong. How? For one, there is no sign China’s AI strides will be erased or overtaken — markets have already begun to adapt, proving any setbacks merely fleeting. But more crucially: The stakes in this global “race” aren’t nearly as high as fretful commentators claim. Nearly everyone overrates AI’s benefits and potential downsides. AI holds opportunity and risk — but it is neither the express ticket to riches nor doomsday machine many globally hype today. Reality is more nuanced. Let me show you.