Eric Schmidt says China trails behind the US in AI for these 4 reasons

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Former Google CEO Eric Schmidt said the US is "way ahead of China" in AI development. Schmidt cited chip shortages and more English language material to train AI models. He also said China's reduced funding and focus on for-profit apps are barriers to its advancement. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time. Advertisement Former Google CEO Eric Schmidt thinks the US is "way ahead of China" when it comes to AI. "In the case of artificial intelligence, we are well ahead, two or three years probably of China, which in my world is an eternity," Schmidt said in an interview with Bloomberg on Tuesday. "I think we're in pretty good shape." Schmidt served as Google's CEO from 2001 until 2011 and remained its chairman until 2015. Following his departure, Schmidt has invested in various AI companies, including Anthropic. He also became the chairman of the Department of Defense's Innovation Board in 2016 and chaired the National Security Commission on Artificial Intelligence for three years. This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in .