Cornell University’s Basu on US-China AI Race
TL;DR
Kaushik Basu, professor at Cornell University and former chief economist of the World Bank, discussed the AI race between the US and China and its impact on the global economy with Bloomberg's Stephen Engle. The interview took place on the sidelines of the Bund Summit in Shanghai. The summary does not include specific forecasts or new data from the conversation.
Nauti's Take
The race between the US and China is driving heavy investment and progress in models and chips, which benefits users worldwide through faster innovation. The risk lies in export controls and separate technology blocs that restrict supply chains and vendor choice.
Companies with global teams should check how dependent their stack is on either camp.
Sources