China still lags behind the US in artificial intelligence (AI) chips, but the country is rapidly catching up in algorithms amid an intense technological race between the world’s two largest economies, according to renowned computer scientist Harry Shum Heung-yeung. AI competition encompassed three key aspects: chips, algorithms, and applications – and the US was “clearly” still “far ahead” in chip technology, said Shum, council chairman at the Hong Kong University of Science and Technology, at...