China wants chips, US needs power: divergent AI growth paths emerge amid bubble concerns

China’s government-led push into artificial intelligence (AI) contrasts with the US’ private sector-led approach, with the world’s two largest economies advancing along divergent paths, according to China International Capital Corp (CICC). Chinese investments in AI had focused on underlying technologies, including advanced semiconductors, to address a shortage of computing resources resulting from the country’s restricted access to advanced chips, the state-backed investment management firm said...