“The fact that the United States of America is so keen to get out there and push its message is very, very interesting.” – 01:28
Patrick L. Young, Chairman & Founder of Exchange Invest, joins Remy Blaire to discuss the recent developments in the global AI race, particularly focusing on the outcomes of the APEC summit where U.S. officials made a compelling case for American technology in front of ministers from 21 APEC economies. The reception was largely positive, with discussions centered around AI exports, collaboration, and open innovation. Notably, several APEC economies expressed interest in U.S. AI infrastructure and standards, highlighting the intensifying rivalry with China as both nations present competing visions for AI leadership.
Patrick provides insightful commentary on the implications of the summit. Patrick points out that the focus of the discussions seemed to narrow down to a two-horse race between the U.S. and China, with Europe seemingly sidelined due to its regulatory challenges that have hindered AI development. He emphasizes the proactive stance of the U.S. in promoting its technological prowess, which reflects a shift towards a more business-friendly approach reminiscent of the Trump administration.
Lastly, the pair discuss the topic of tariffs, particularly the 50% tariffs imposed on India and Brazil for political reasons. Patrick provides insights into Apple’s manufacturing strategies in light of the Trump administration’s push for high-value jobs in the U.S. He explains how these tariffs are part of a broader strategy to reshape global trade dynamics, particularly in relation to countries like Iran, India, and Brazil.