Gaps persist in American tech competitiveness

(NewsUSA) – Three key areas of technology – internet platforms, advanced battery technologies, and next-gen networks – have shown shifts in positions of power between the United States and China in the last few years, according to a recent report from the Special Competitive Studies Project (SCSP), a nonprofit and nonpartisan initiative with a goal of making recommendations to strengthen America’s long-term competitiveness in AI. Internet Platforms: U.S. Leads. Overall, the United States is ahead of China in terms of market capitalization and use of internet platforms to connect, communicate, and find information. As of July 2024, U.S.-based social media companies had the top four spots in highest number of monthly active users worldwide. However, the popularity of People’s Republic of China (PRC) platforms, notably TikTok, shows that China’s growing impact on social media is not a fluke. Chinese e-commerce apps Temu and Shein also have experienced a surge in popularity worldwide, and something to watch is China’s Huawei, who plans to launch an app system on par with Apple’s App Store and Google’s Play Store. Advanced Batteries: China Leads. China currently retains its grip on the battery supply chain, mainly through refinement of critical minerals. In 2023, China refined...