Quick Reads
Quick Read: The Global Race for AI Supremacy: Competition and Collaboration

AI development has become a key area of competition among nations, with significant implications for global economic dynamics.
National Strategies
- Investment in R&D: Countries are investing heavily in AI research and development to gain a competitive edge.
- Talent Attraction: Efforts to attract and retain top AI talent through immigration policies and educational programs.
International Collaboration
- Standardization: Collaborating on international standards for AI development and deployment to ensure compatibility and safety.
- Ethical Guidelines: Developing global ethical guidelines for AI use to address cross-border concerns.
“Artificial intelligence is the future, not only for Russia but for all humankind. Whoever becomes the leader in this sphere will become the ruler of the world.”
Vladimir Putin
Geopolitical Implications
- Economic Power: Nations leading in AI technology may gain significant economic power, influencing global trade and politics.
- Security Concerns: AI-driven advancements in military technology and cybersecurity have implications for national security.
Studies
- Tortoise Intelligence’s AI Global Index 2020 ranks the U.S. and China as the leading nations in AI development.
- The Stanford AI Index reports significant growth in AI research, development, and investment worldwide, highlighting the competitive landscape.
This post is part of the “Quick read” series: How AI Will Affect the Economy?
Read in the same series:
- The Rise of the Machines: Automation and Job Displacement
- AI as a Productivity Booster: Growth and Efficiency
- The Rise of New Industries and Job Opportunities
- The Evolving Nature of Work: The Human-AI Collaboration
- The Distributional Impact of AI: Inequality and the Need for Upskilling
- The Ethical Considerations of AI: Bias, Transparency, and Job Security
- The Global Race for AI Supremacy: Competition and Collaboration
- The Future of Work in an AI-Powered Economy