US remains global leader in AI, but China rapidly closing gap with cheaper models: JP Morgan - The Economic Times

The United States stands at the forefront of AI development, yet China is swiftly closing the gap with cost-efficient AI systems. Chinese companies are making headway in corporate environments by offering significantly lower operational costs than their American counterparts. This trend may accelerate as organisations prioritise cost-cutting, despite the continued importance of US frontier AI for sophisticated applications.

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