China rivals US as global AI leader title; Chip shortage looms

Homepage > News > Business > China rivals US as global AI leader title; Chip shortage looms Chinese President ​Xi Jinping has laid out his ambition for Beijing to lead a global artificial intelligence (AI) coalition of developing countries, to challenge the United States dominance of the space. The comments come as leading private-sector players warn that the ongoing global AI memory chip shortage is set to continue or worsen as demand rises. China’s Xi pushes AI alliance to rival U.S. AI chip crunch fuels tech race U.S. presses ahead in AI dominance In a speech at the opening ceremony of the World Artificial Intelligence Conference (WAIC), which took place in Shanghai last week, Xi reportedly urged countries to seize the “historic opportunity” of open-source AI, while committing to helping developing nations build AI capabilities, per a July 17 Reuters report. Xi went on to warn against the emergence of “new historical injustices” from unequal access to the technology, with the U.S. currently the dominant force in AI. According to the Stanford University “Global and National AI Vibrancy Rankings,” published in November 2025, the U.S. outpaces other nations in almost every...