The U.S. government needs to get involved in the A.I. race against China, Nasdaq executive says

CNBC November 25, 2020
Abigail Ng

Key Points

– The U.S. private sector alone cannot compete with the entire Chinese government and private sector in tech development, said Edward Knight of Nasdaq.

– China’s government has already started “investing heavily” in developing new technologies based on artificial intelligence, he said.

– Knight also weighed in on what Biden would mean for the initial public offering market.

The U.S. needs to take a “strategic approach” as it competes with China on artificial intelligence, according to a Nasdaq executive.

AI is an area that is going to only develop in partnership with government, and U.S. authorities need to get involved, said Edward Knight, vice chairman of Nasdaq.

The Chinese government has already started “investing heavily” and working with...

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