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Google’s Ex-CEO Says China Trails US by 6 Months in AI Race, but Could Still Win Due to This Strategy: ‘We’re Already Losing’

Namrata Sen

Eric Schmidt warns China’s free AI strategy could help it overtake the U.S. despite trailing by six months in the race for AI dominance.

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benzinga
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  2. Matt Frankel, Cfp®

    What Happens to AI Stocks if the Fed Hikes Rates Again?

    The Federal Reserve raised rates in September and investors expect at least one more hike before year-end. Rising interest rates negatively impact AI stocks through two mechanisms: reduced present value of future earnings for growth companies and increased borrowing costs for expensive AI infrastructure buildouts. Well-capitalized companies like Nvidia and Alphabet are minimally vulnerable, while less profitable companies dependent on debt financing like CoreWeave face greater pressure.

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