Stanford’s AI Index finds China has nearly closed the performance gap with the US despite spending 23 times less

The Next Web
By Allison Steffens HerreraApr 19, 2026, 10:55 am122 ptsTrending
In short: Stanford’s 2026 AI Index Report finds the performance gap between the best American and Chinese AI models has collapsed to 2.7%, down from 17.5-31.6 percentage points in May 2023, despite the US spending 23 times more on private AI investment ($285.9 billion vs $12.4 billion). China leads in AI…

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