The Swiss investment bank UBS presented three reasons why American artificial intelligence companies are preferred over their Chinese counterparts, as follows:
Increased Capital Investment: American companies in the field of artificial intelligence invest more (20% compared to 11.7% for China), thus enhancing their long-term competitive advantage.
Stronger Research and Development: The higher spending on research and development in the United States boosts the chances of achieving revolutionary innovations in this field.
Better at Generating Profits: Companies operating in the United States have clearer methods for translating advancements in artificial intelligence technologies into revenues and profits.
It is worth noting in this regard that US President Donald Trump announced yesterday the imposition of a 25% tariff on all cars and light trucks manufactured outside the United States, which is set to take effect.
