Article originally appeared on www.zerohedge.com.
Billionaire investor and Bridgewater hedge fund founder Ray Dalio warned in an interview with All-In podcast co-host David Friedberg that neither the United States nor China can afford to lose the race for AI supremacy, stressing that this technological “war” is far more critical than “profits.”
.@RayDalio to @friedberg: Neither U.S. or China Can Afford To Lose AI War
“I think the super scalers in this world have risk issues, think about Nvidia or others. I think that the tech war, certainly the productivity, I’m with you, but you want to invest in productivity. But… pic.twitter.com/mpVCek0pjM — CAPITAL (@capitalnewshq) January 28, 2025
DAVID FRIEDBERG: I’m a productive asset guy. I like owning businesses that make stuff. In this environment, where do I own a productive asset—a business that can still see its revenue and its income grow as this inflationary effect and this devaluation occurs …
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