The A.I. Daily
Schmidt frames US-China AI race as empire contest
In Foreign Affairs, ex-Google CEO Eric Schmidt, historian Niall Ferguson and researcher Lisa Klaassen cast the US and China as AI empires with other countries as dependents, arguing funding rather than breakthroughs decides the race. US firms alone plan over $600 billion in 2026 spending, though debt, data-center protests and Taiwan chip risks could stall both powers.