Artificial Intelligence: An Industry Perspective on Global Competition

The discussion about artificial intelligence (AI) is gaining momentum in the global economy. While Western countries are often considered pioneers, China's President Xi Jinping warns that AI should not be the privilege of the wealthy. At the G20 summit in Rio de Janeiro, he called for more international cooperation and governance. In Peru, Xi and US President Joe Biden also agreed that decisions about nuclear weapons should be made by humans and not by AIs. Meanwhile, Japan is trying to solidify its position as a technological leader. Prime Minister Shigeru Ishiba plans to invest 65 billion dollars in microchip and AI development. This initiative highlights the intensifying global race for technological supremacy. A report from Cisco on AI readiness 2024 shows how companies worldwide are under pressure to quickly implement AI. However, only 13% of companies are able to harness the full potential of these technologies. This represents a decrease of one percentage point compared to the previous year. The key factor for failed investments often lies in insufficient employee training or a lack of enthusiasm, often due to the fear of being replaced by AI. To successfully integrate AI, companies need to focus more on employee training, resource allocation, and fostering a positive attitude towards new technologies.