U.S. vs. China: Who’s winning the AI race?

U.S. and China Take Different Paths in the AI Race

Capital Group’s Mark Casey, Winnie Kwan, Sugi Widjaja and Jared Franz compare how the U.S. and China are approaching AI development and what this could mean for investors.

• U.S. companies are spending aggressively on frontier models and superintelligence, while China is prioritising lower-cost industrial applications such as robotics and autonomous driving.
• Chinese models are increasingly competitive on cost, while U.S. firms retain an edge in advanced compute, infrastructure and cutting-edge applications.
• The likely outcome may be coexistence rather than one clear winner, with leadership shifting across models, infrastructure and applications.

Explore the full report to assess how the evolving AI rivalry could reshape technology leadership and investment opportunities.