The two largest economies in the world are dominating global research and development in the artificial intelligence field, but China is likely to emerge the winner, according to Credit Suisse.

That prediction was based largely on one reason: China lacks "serious law" about data protection, which gives companies pretty much free rein to develop their technology, said Dong Tao, vice chairman for Greater China at Credit Suisse Private Banking Asia Pacific.

Not good, if it comes to pass. Another good reason to impose trade tariffs on China. They do not respect the idea of intellectual property. To read more, click here.