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China is winning AI race, Nvidia says, as OpenAI begs US gov't for bailout episode artwork

EPISODE · Nov 8, 2025 · 37 MIN

China is winning AI race, Nvidia says, as OpenAI begs US gov't for bailout

from Geopolitical Economy Report · host Ben Norton

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 clear to everyone, and Silicon Valley Big Tech executives want to be guaranteed a bailout. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=4odSW2lSUyI 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 & 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 18:58 Peter Thiel & Sam Altman 19:34 (CLIP) "Competition is for losers" 20:10 OpenAI's circular financing scheme 22:32 OpenAI owes $1.4 trillion 23:24 OpenAI is losing money 24:42 Silicon Valley's business model: monopoly 26:15 China's AI advantage: electricity 27:08 The "electron gap" 28:24 Electricity generation: China vs USA 29:30 AI data centers drive up electricity bills 29:52 Electricity price in USA 30:36 Electricity prices: China vs USA 31:49 BlackRock buys up US power grid 33:02 Trump closes solar power projects 33:48 Trump cancels wind power projects 34:39 US fossil fuel corporations 35:12 Summary 36:34 Outro

What this episode covers

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 clear to everyone, and Silicon Valley Big Tech executives want to be guaranteed a bailout. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=4odSW2lSUyI 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 & 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 18:58 Peter Thiel & Sam Altman 19:34 (CLIP) "Competition is for losers" 20:10 OpenAI's circular financing scheme 22:32 OpenAI owes $1.4 trillion 23:24 OpenAI is losing money 24:42 Silicon Valley's business model: monopoly 26:15 China's AI advantage: electricity 27:08 The "electron gap" 28:24 Electricity generation: China vs USA 29:30 AI data centers drive up electricity bills 29:52 Electricity price in USA 30:36 Electricity prices: China vs USA 31:49 BlackRock buys up US power grid 33:02 Trump closes solar power projects 33:48 Trump cancels wind power projects 34:39 US fossil fuel corporations 35:12 Summary 36:34 Outro

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China is winning AI race, Nvidia says, as OpenAI begs US gov't for bailout

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This episode is 37 minutes long.

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This episode was published on November 8, 2025.

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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 clear to everyone, and Silicon Valley Big Tech...

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