Ed Elson is joined by Scott Singer to discuss why Chinese open models have been gaining momentum and whether or not the U.S. risks losing its lead in the AI race. Then, Vishy Tirupattur joins to unpack the debt behind the AI buildout and explain why investors should be paying attention to the off-balance sheet debt from the hyperscalers. Finally, Ed gives his take on China’s most valuable company.Scott Singer is a Technology and International Affairs fellow at the Carnegie Endowment for International Peace. Vishy Tirupattur is the Chief Fixed Income Strategist at Morgan Stanley.Subscribe to the Prof G Markets Youtube Channel Check out our latest Prof G Markets newsletterFollow Prof G Markets on InstagramFollow Ed on Instagram, X and SubstackFollow Scott on InstagramSend us your questions or comments by emailing [email protected]Learn more about your ad choices. Visit podcastchoices.com/adchoices