Economy

Eric Schmidt’s Think Tank Calls for Urgent Technological Investment to Outpace China

Published November 22, 2023

In the ongoing global technology race, the United States is being notified of the imperative need to accelerate its tech advances to stay ahead of the competition, particularly that posed by China. A report commissioned by a think tank associated with Eric Schmidt, the former chairman of Alphabet Inc., is sounding the alarm on what it sees as a critical moment for the nation's technological dominance.

The Threat from China's Tech Expansion

In light of China's rapid technological progress and alleged extensive industrial espionage, the think tank helmed by Eric Schmidt is recommending the United States to undertake substantial moonshot projects. These projects aim to ensure the U.S. preserves its leading position in the technological sphere and guards its interests against potential threats.

Implications for National Security and Economy

The recommendations stress the importance of not only overcoming present-day challenges but also of envisioning and constructing a future where the U.S. maintains an undisputed technological edge. The implications of falling behind could be dire, affecting national security and the country’s economic vitality. The think tank's report underscores an 'industrial espionage strategy with global reach' that it attributes to China, further highlighting the urgency of the situation.

A Call to Action for Innovation and Investment

The think tank is calling on both the private sector and government entities to rigorously pursue innovation and bolster investment in cutting-edge technologies. This includes an increase in funding for research and development and creating an environment that nurtures scientific advancements to generate groundbreaking technological leaps.

investment, technology, China