Sure, its technically correct, but were talking about a very distant second place.
Currently, it would be a huge stretch to call it a race.
Chinas main advantage, when it comes to AI, is socialized data.

But data can only take a nation so far.
However, personal information isnt exactly useful if youre training drone swarms to identify and assault soft targets.
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Today, its technology.
The advent and implementation of deep learning has lead to a revolution in Chinas healthcare and infrastructure.
Since 2018 the PRCsexpanded its national insuranceto cover nearly every citizen in China.
This paints the picture of a disjointed US medical system and, in many regards, its true.
However, theres more to prosperity than free healthcare.
And the presence of regulations limits the EU market in ways Silicon Valley doesnt.
As icing on the cake, most big tech companies in the US pay little or no taxes.
This leaves US soil fertile for the development of monolithic business empires with a GDP eclipsing many modernized countries.
And, with that prosperity, comes a much easier time recruiting the worlds most talented scientists and developers.
As with any walled-garden, its easy to share the benefits contained within.
But the PRC is non-competitive when it comes to luring outside talent.
And that goes for corporate buyouts and mergers as well.
Its likely that Chinas approach to AI will result in revolutionary new achievements in its healthcare and infrastructure programs.