China thinks it can build better AI than Google by spending tons of money

China sees artificial intelligence dominating our future, and it's willing to bet $150 billion to make sure it doesn't get left behind.

The Chinese government on Friday announced a major push into the field of artificial intelligence, declaring it would create a $150 billion domestic AI industry by 2030.

It also laid out an aggressive timeline in the newly announced national policy: China's efforts would match other countries' by 2020, it would have a major "breakthrough" by 2025, and China would become the global "innovation center" for AI by 2030, multiple outlets reported.