Chinese AI Models Put the Profit Race Under Pressure

American AI companies are facing a new challenge from China, where open-source models could pressure the business case behind the massive spending boom.Mike Armstrong and Marc Fandetti break down why Chinese AI models are becoming a bigger concern for U.S. tech leaders, how open-source development could threaten the pricing power of OpenAI, Anthropic, and other American firms, and why the real risk may be financial rather than purely technological. They also discuss renewed Middle East tensions and the inflation pressure tied to energy and shipping costs, rising healthcare expenses in retirement, Jamie Dimon’s warning that stocks and bonds look expensive, and why housing policy keeps producing bad fixes instead of more supply.