SQUAWK/NEWS
Account
Theme
Account
Menu
Live News LIVE ARTICLE H impact

Ted Cruz Warns China Could Win in High-Stakes AI Race — 'Single Most Important Economic Question Facing America Today'

Sen. Ted Cruz (R-Texas) warned that the U.S. faces a pivotal race with China for AI dominance, arguing that the winner could determine both the technology’s economic impact and the values embedded in its development. Cruz Warns of China AI Dominance On Monday, Cruz said in a post on X that the U.S. and China are engaged in a race "to see who will develop AI first and who will dominate AI," adding, "there’s going to be a winner." "Whoever wins, we will have trillions of dollars of new investment. We will have millions of new jobs. But even more importantly, the values of the country that wins will suffuse AI," he said. Cruz warned that a Chinese victory could mean AI is used for "espionage and propaganda and control and surveillance." He said he wants American AI to reflect "free speech and individualism and free enterprise and privacy." Cruz Criticizes AI Companies The Texas Republican also turned his criticism toward the U.S. AI industry, accusing major companies of seeking government advantages that could strengthen their market positions. "What we’re seeing is a money grab," Cruz said, invoking the economic concept of rent-seeking. He argued that AI companies could ask the gover

SPCX

Sen. S. faces a pivotal race with China for AI dominance, arguing that the winner could determine both the technology’s economic impact and the values embedded in its development. S.

" "Whoever wins, we will have trillions of dollars of new investment. We will have millions of new jobs. But even more importantly, the values of the country that wins will suffuse AI," he said. S.

AI industry, accusing major companies of seeking government advantages that could strengthen their market positions. "What we’re seeing is a money grab," Cruz said, invoking the economic concept of rent-seeking. " Cruz also criticized Anthropic and groups associated with effective altruism, arguing that they could use greater government influence over AI policy to advance their ideology and suppress dissent. We are in a race with China to see who will develop AI first and who will dominate AI, and there's going to be a winner.

It will either be America or China. And that question is the single most important economic question facing America today. S. sought a "shared vision of common goals and common threats" with China on AI and proposed a mechanism for both countries to notify each other about AI incidents with potential national security implications.

S. innovation and its technological edge over China. Last month, Space Exploration Technologies Corp. ‘s (NASDAQ: SPCX ) CEO Elon Musk said China was "by far" the strongest competitor in AI, echoing his earlier prediction that China would eventually become SpaceX’s most important rival in rocket technology.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published editors. Read Also: Bernie Sanders Says AI Could Soon Surpass Human Intelligence: Trump And Xi Must Strike Treaty 'Before It’s Too Late' Photo courtesy: Shutterstock