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        <title>China is winning AI race, Nvidia says, as OpenAI begs US gov't for bailout</title>
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        <description>Nvidia CEO Jensen Huang fears China will win the AI race, as OpenAI asks the US government for "federal guarantees" and a "backstop". The unsustainability of the enormous AI bubble is becoming clearer to everyone, and Silicon Valley Big Tech executives want to be guaranteed a bailout. Ben Norton explains. Check out our related video on the AI bubble: https://www.youtube.com/watch?v=rXCVrLPTUHQ Topics 0:00 (CLIPS) OpenAI wants US gov't "backstop" 0:31 US-China AI race 1:13 Nvidia sells shovels in AI gold rush 3:05 China restricts Nvidia chips 3:47 Nvidia CEO: China is winning AI race 5:50 AI bubble 7:21 OpenAI CFO asks for federal "backstop" 8:11 (CLIP) OpenAI CFO on US gov't support 8:51 OpenAI CEO Sam Altman 9:22 (CLIP) US gov't as "insurer of last resort" 9:49 Too Big to Fail 2.0 10:53 Sam Altman backtracks 11:58 OpenAI letter asks US gov't for support 14:32 Banning Chinese AI competitors 15:31 Trump supports OpenAI &amp; Sam Altman 16:19 (CLIP) Sam Altman at White House 16:36 Sam Altman donates to Trump 17:03 Chinese open-source AI models 17:56 US corporations want monopolies 19:01 Peter Thiel &amp; Sam Altman 19:37 (CLIP) "Competition is for losers" 20:13 OpenAI's circular financing scheme 22:35 OpenAI owes $1.4 trillion 23:27 OpenAI is losing money 24:45 Silicon Valley's business model: monopoly 26:18 China's AI advantage: electricity 27:11 The "electron gap" 28:27 Electricity generation: China vs USA 29:33 AI data centers drive up electricity bills 29:55 Electricity price in USA 30:39 Electricity prices: China vs USA 31:52 BlackRock buys up US power grid 33:05 Trump shuts down solar projects 33:51 Trump cancels wind projects 34:42 US fossil fuel corporations 35:15 Summary 36:37 Outro || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Subscribe to our newsletter: https://GeopoliticalEconomy.Report Join us at Patreon: https://Patreon.com/GeopoliticalEconomy</description>
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