What Happened
Intellectual Property Theft Threatens US Innovation Leadership
The US Senate Committee on the Judiciary recently heard testimony on China’s ongoing theft of US innovation, including the blatant theft of US technology and intellectual property. Witnesses highlighted the economic loss from China’s IP theft, estimated to be between $400 billion and $600 billion annually. The hearing also discussed the intense competition with China for dominance in artificial intelligence. According to Liberty Nation News, China’s overall goal is to undermine US leadership and assume the title of the world’s innovation leader.