According to author Handel Jones, the five areas where AI is bringing about revolutionary changes are warfare, healthcare, cars, VR and wireless. The US companies must take AI seriously, and the political system must support AI. The companies focus on short term profits at the cost long term R&D and technology development. The typical shareholder holds the shares for less than a year, and has no stake in company’s long term strategy. The quarterly stock performance matters more for corporate leadership. They are averse to taking long term bets on AI.

The Chinese government proactively promotes AI and funds the research efforts. China wants to show its supremacy to the world.