• Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
Close Search
00
GBAF LogoGBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends
GBAF Logo
  • Top Stories
  • Interviews
  • Business
  • Finance
  • Banking
  • Technology
  • Investing
  • Trading
  • Videos
  • Awards
  • Magazines
  • Headlines
  • Trends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Business

    Posted By maria gbaf

    Posted on October 12, 2021

    Featured image for article about Business

    LONDON (Reuters) -China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its technological advances, the Pentagon’s former software chief told the Financial Times.

    China, the world’s second largest economy, is likely to dominate many of the key emerging technologies, particularly artificial intelligence, synthetic biology and genetics within a decade or so, according to Western intelligence assessments.

    Nicolas Chaillan, the Pentagon’s first chief software officer who resigned in protest against the slow pace of technological transformation in the U.S. military, said the failure to respond was putting the United States at risk.

    “We have no competing fighting chance against China in 15 to 20 years. Right now, it’s already a done deal; it is already over in my opinion,” he told the newspaper. “Whether it takes a war or not is kind of anecdotal.”

    China was set to dominate the future of the world, controlling everything from media narratives to geopolitics, he said.

    Chaillan blamed sluggish innovation, the reluctance of U.S. companies such as Google to work with the state on AI and extensive ethical debates over the technology.

    Google was not immediately available for comment outside business hours.

    Chinese companies, Chaillan said, were obliged to work with their government and were making “massive investment” in AI without regard to ethics.

    He said U.S. cyber defences in some government departments were at “kindergarten level”.

    Chaillan announced his resignation at the beginning of September, saying military officials were repeatedly put in charge of cyber initiatives for which they lacked experience.

    A spokesperson for the Department of the Air Force said Frank Kendall, secretary of the U.S. Air Force, had discussed with Chaillan his recommendations for the department’s future software development following his resignation and thanked him for his contributions, the FT said.

    (Reporting by Guy Faulconbridge; Editing by Muralikumar Anantharaman, Robert Birsel)

    LONDON (Reuters) -China has won the artificial intelligence battle with the United States and is heading towards global dominance because of its technological advances, the Pentagon’s former software chief told the Financial Times.

    China, the world’s second largest economy, is likely to dominate many of the key emerging technologies, particularly artificial intelligence, synthetic biology and genetics within a decade or so, according to Western intelligence assessments.

    Nicolas Chaillan, the Pentagon’s first chief software officer who resigned in protest against the slow pace of technological transformation in the U.S. military, said the failure to respond was putting the United States at risk.

    “We have no competing fighting chance against China in 15 to 20 years. Right now, it’s already a done deal; it is already over in my opinion,” he told the newspaper. “Whether it takes a war or not is kind of anecdotal.”

    China was set to dominate the future of the world, controlling everything from media narratives to geopolitics, he said.

    Chaillan blamed sluggish innovation, the reluctance of U.S. companies such as Google to work with the state on AI and extensive ethical debates over the technology.

    Google was not immediately available for comment outside business hours.

    Chinese companies, Chaillan said, were obliged to work with their government and were making “massive investment” in AI without regard to ethics.

    He said U.S. cyber defences in some government departments were at “kindergarten level”.

    Chaillan announced his resignation at the beginning of September, saying military officials were repeatedly put in charge of cyber initiatives for which they lacked experience.

    A spokesperson for the Department of the Air Force said Frank Kendall, secretary of the U.S. Air Force, had discussed with Chaillan his recommendations for the department’s future software development following his resignation and thanked him for his contributions, the FT said.

    (Reporting by Guy Faulconbridge; Editing by Muralikumar Anantharaman, Robert Birsel)

    Recommended for you

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    • Thumbnail for recommended article

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe