What Happened
Beijing's Intellectual Property Theft Raises Concerns For US Industry
The US Senate Committee on the Judiciary recently heard testimony on China’s ongoing theft of US innovation, including blatant intellectual property theft and intense competition in artificial intelligence. Witnesses highlighted the economic loss from China’s IP theft, estimated to be between $400 billion and $600 billion annually, and the need for better security measures to protect US technology. According to Liberty Nation, China’s goal is to undermine US leadership and assume the title of the world’s innovation leader.