As a percentage of GDP, U.S. spending on scientific R&D has sunk to levels not seen since the pre-Sputnik era.
Ex-Google CEO Eric Schmidt is sounding the alarm about the implications of China pulling ahead of the U.S. in artificial intelligence research and development. Speaking on a Bipartisan Policy Center webcast on Tuesday, he said the U.S. lacks a long-term plan to win the AI race, and lacks government funding for the basic research the U.S. will need to stay ahead of the Chinese.
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