The Tech Race Between the US and China Will Determine All Our Futures

In episode 391 of Calcalist's 'Money Engines' podcast, Ori Greenfeld and Dr. Ilan Guildin discuss the AI race between the US and China. A strong earnings season with 87% beating expectations, yet the market punishes tech companies due to uncertainty in investments. China has no barriers, Xi Jinping marked technology as a priority, and Chinese models are cheap and close to American ones. A global split into two internets is discussed.

In episode 391 of Calcalist's 'Money Engines' podcast, economist and chief strategist at Agam Leaders Ori Greenfeld and Dr. Ilan Guildin, a hedge fund manager at Karni Family Office, discuss the industrial race between the United States and China for control of AI. They note that the current earnings season is one of the strongest on record, with 87% of companies beating expectations, but the market punishes tech companies due to the difficulty in pricing future investments in data centers, which are eroding cash flow and profitability. In contrast, other companies enjoy AI tools at a price that does not reflect their economic cost. The discussion addresses whether the US truly wants to enter a race against China, which they claim has no barriers in funding, electricity, regulation, or public opinion. Xi Jinping arrived at the economic conference and marked technology as a top priority. Open Chinese models, such as those from Alibaba and Minimax, are close to American ones and significantly cheaper, and two-thirds of companies in India already use them. The scenario of the world splitting into two internets and two separate AI systems is also discussed, as well as the American choice of consumer inflation for the national interest.