A recent report from Stanford University's Artificial Intelligence Index indicates that the United States, though currently at the forefront of advanced AI development, is experiencing a rapid decline in its lead as China accelerates its AI initiatives. In 2024, US institutions produced 40 notable AI models, compared to China's 15 and Europe's three. The US maintains a significant advantage in private AI investment, a key factor in its current dominance. However, the intensifying global AI competition, not only between nations but also among leading tech companies, underscores growing concerns among US policymakers and tech leaders about sustaining a competitive edge in AI—a field deemed vital to national security. The report concludes that the AI race is highly competitive and no longer dominated by a single nation.