JPMorgan Says AI Wars: China vs America, But Make It Wall Street

JPMorgan Says AI Wars: China vs America, But Make It Wall Street

In a pulse-pounding 2025 report leaked like your aunt's bad juju, JPMorgan Chase declares the US is crushing the global AI race — mostly thanks to massive private-sector cash infusions and government bureaucrats who now play investor and dealmaker instead of actual regulators. Trump-era moves like giving Intel a government stake and letting Nvidia sell chips to China in exchange for profits read like a bizarre command-economy cosplay. Derek Chollet, a Biden-turned-defense-staffer, casually calls the 2024 election 'the most consequential' AI shift since the nuclear age, while warning tariffs, immigration cuts, and science funding slashes might bugger up US AI dreams. Amid cutthroat trade threats like China’s rare earth blackmail and Trump’s 100% tariff flex (that he *totally* reckons will end fine), seven geopolitical axes spin AI chess pieces worldwide — from Middle Eastern petrodollars buying AI muscle to EU begging tech independence like an ex in denial.

Share the Story

(1 of 3)
Swipe to navigate

Source: Axios | Published: 10/14/2025 | Author: Courtenay Brown