The US-China AI race

While no one has waved an official chequered flag in the Sino-American race for artificial intelligence (AI) supremacy, the markets are betting that the United States will prevail. The chipmaker Nvidia recently became the world’s first $4-trillion company (and its CEO, Jensen Huang, has acquired global rockstar status). Microsoft, the biggest investor in OpenAI’s for-profit entity, is not far behind, with a valuation of $3.7 trillion.But early leadership does not guarantee victory, especially when it comes to innovation.