China Advocates for Global AI Governance Amid US Trade Challenges
China proposes a global AI governance framework as tensions with the US rise.
Key Points
- • China proposed a global AI governance framework at WAIC in Shanghai.
- • Premier Li Qiang emphasized international coordination amid US-China trade issues.
- • China's AI industry valued at 600 billion yuan ($84 billion) with significant government investment.
- • Former Google CEO Eric Schmidt advocated for US-China collaboration on AI governance.
At the World Artificial Intelligence Conference (WAIC) in Shanghai, held recently, Chinese Premier Li Qiang put forward a significant proposal for a global AI governance framework. This initiative emphasizes the need for cohesive international regulations, particularly in light of growing trade tensions with the United States. Li argued that a fragmented regulatory landscape could hinder AI advancements globally, suggesting that without collaborative governance, technological monopolies may restrict benefits to only a handful of nations.
Amidst this backdrop, the US has unveiled its own AI action plan, aiming to preserve its competitive edge in the rapidly evolving sector. Despite China’s aggressive push, the US remains the leader in private sector investments, contributing around $109.1 billion in 2024, compared to China's $9.3 billion. However, China's commitment to AI is illustrated by its burgeoning industry, which boasts over 5,000 companies and a total industry value of approximately 600 billion yuan ($84 billion).
Highlighting this ambition, China has invested an estimated $209 billion in AI from 2013 to 2023, with projections indicating that public sector spending will exceed 400 billion yuan ($56 billion) in 2025. Additionally, Chinese startups have begun launching AI models that can compete with established US counterparts while maintaining significantly lower operational costs.
The WAIC showcased this innovation with over 3,000 exhibits, including advanced AI technologies from major Chinese tech companies and contributions from international firms. Notable personalities in attendance, such as former Google CEO Eric Schmidt, emphasized the importance of US-China cooperation in AI governance to foster global stability and ensure ethical applications of AI.
As geopolitical dynamics continue to reshape the landscape of technology, both nations are poised to shape the future of AI governance amidst their ongoing trade disputes.