The US holds a significant capital advantage in AI development, with private sector investment approximately 23 times higher than in mainland China, according to BMI, a unit of Fitch Solutions。However, China is prioritizing AI spending over other sectors like real estate, aiming for self-sufficiency rather than global leadership。Experts note that while China has made strides in advanced chips, it still lags behind Nvidia, and its ability to advance in AI is constrained by chip access, despite efforts to develop domestic alternatives like Huawei's Ascend series。