AI Is Next Tech Battle for US and China on ChatGPT Frenzy – Bloomberg

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Illustration: 731/Getty(1)

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China’s tech sector has a new obsession: competing with US titans like Google and Microsoft Corp. in the breakneck global artificial intelligence race.
Billionaire entrepreneurs, mid-level engineers and veterans of foreign firms alike now harbor a remarkably consistent ambition: to outdo China's geopolitical rival in a technology that may determine the global power stakes. Among them is internet mogul Wang Xiaochuan, who entered the field after OpenAI’s ChatGPT debuted to a social media firestorm in November. He joins the ranks of Chinese scientists, programmers and financiers — including former employees of ByteDance Ltd., e-commerce platform Inc. and Google — expected to propel some $15 billion of spending on AI technology this year.