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China's AI capital spending to double to $140B this year, Moody's says China vows to block AI dominance, cites rare earth leverage Bus crash kills 25 on Cabo Verde's Fogo Island, mostly children
A Eye on AI - 12:31 PM On this episode of A Eye on AI, we look at China's surging AI investment: Moody's projects capital spending by major Chinese tech firms will more than double this year to $140 billion, and it breaks down how lower buildout costs and policy support help Beijing close the compute gap with the US at a fraction of the price. We also cover Victor Gao's stark warning at the Penang Peace Dialogue, where he said China's rare-earth control will block American 'AI for evil' and that China will never allow any country to achieve AI dominance. And in everyday life, we report on a devastating bus crash in Cabo Verde's Fogo Island that killed at least 25 people, mostly children and teenagers, leaving a community in mourning.