Flexible display technology developed by Arizona State University,, as funded by the U.S. Army, Arizona State University Prospectus April 2006
Adding to anxieties over international competition, the World Economic Forum on Saturday reported that China spent more than any other country on advancement of the artificial intelligence in 2017.
The WEF website cited a a report by CB Insights that reveals that China applied for five times as many AI patents as the United States last year.
But China is not the only player in the game. As new economic powers emerge, the race to get smarter and better results from machines grows stiff.
This month a Chicago University report said that a huge 71 percent of Americans believe research universities are a “major force” in driving U.S. innovation.
The finding comes from a new Innovation Indicator survey from the Chicago University’s Polsky Center for Entrepreneurship and Innovation.
The survey, according to a UChicagoNews report sheds light on challenges for global competitiveness, “with just one in four people viewing America as the global leader in innovation.”
“Even though innovative ideas continue to flow from American universities and businesses, greater global competition means we need to do even more to maintain our leadership position,” says Steven N. Kaplan, faculty director of the Polsky Center and the Neubauer Family Distinguished Professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business.
“That takes both research funding and energizing people to commercialize that research through discovery and entrepreneurship.”
The UChicagoNews report gives details of the survey on the following link:
