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

Geopolitical Economy Report

Ben Norton

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

37 minutes Posted Nov 8, 2025 at 2:37 pm.

(CLIPS) OpenAI wants US gov't "backstop"

US-China AI race

Nvidia sells shovels in AI gold rush

China restricts Nvidia chips

Nvidia CEO: China is winning AI race

AI bubble

OpenAI CFO asks for federal "backstop"

(CLIP) OpenAI CFO on US gov't support

OpenAI CEO Sam Altman

(CLIP) US gov't as "insurer of last resort"

Too Big to Fail 2.0

Sam Altman backtracks

OpenAI letter asks US gov't for support

Banning Chinese AI competitors

Trump supports OpenAI & Sam Altman

(CLIP) Sam Altman at White House

Sam Altman donates to Trump

Chinese open-source AI models

US corporations want monopolies

Peter Thiel & Sam Altman

(CLIP) "Competition is for losers"

OpenAI's circular financing scheme

OpenAI owes $1.4 trillion

OpenAI is losing money

Silicon Valley's business model: monopoly

China's AI advantage: electricity

The "electron gap"

Electricity generation: China vs USA

AI data centers drive up electricity bills

Electricity price in USA

Electricity prices: China vs USA

BlackRock buys up US power grid

Trump closes solar power projects

Trump cancels wind power projects

US fossil fuel corporations

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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 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

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