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AI: the next battleground for the U.S. and China

AP

China's increasing investments in artificial intelligence are attracting top scientific talent to the country and bolstering concerns in the United States about brain drain and corporate espionage as the nations face off in a battle — largely taking place in boardrooms and banks — to dominate cutting-edge technology.

What is happening: The United States wants to strengthen its ability to scrutinize Chinese investment in American tech companies, especially when it comes to artificial intelligence, per Reuters.

Why it matters: China appears to be outspending the U.S. to be at the forefront of artificial intelligence just as the Trump administration is slashing government research funding. U.S. officials worry that some of America's most cutting-edge companies could become beholden to the whims of a foreign adversary, and that the outcome will be China overwhelming the U.S. with soft power.