Superpowers are gonna superpower

This week, we look at the technological race between the US and
China, and its implications.


The latest development in what is shaping up to be a proper,
old-fashioned cold war is the US Innovation and Competition Act,
which was passed by the senate earlier this month. The set of
legal measures is clearly designed to combat China’s growing
technological might, as well as addressing the ongoing global
chip shortage.


It includes increased funding for AI research, and a further $50
billion to subsidize semiconductor manufacturing – intended to
help build 7-10 new American fabs.


However, the wording of the document has already drawn criticism
from the highest levels of the Chinese government. “The world is
entering a period of turbulence and transformation, and against
this backdrop, the practice of continuously targeting China as a
hypothetical enemy goes against the world trend, is unpopular,
and is doomed to fail,” theForeign Affairs Committee of the
National People's Congress said.


Why can’t we all get along?


We also cover: House fires! Bail-outs! Intel! Subsidies!


We will plant a tree for every like we receive.


As always, you can find the people responsible for the podcast
online:


Max Smolaks (@maxsmolax)

Sebastian Moss (@SebMoss)

Tien Fu (@tienchifu)

Ben Wodecki (@benwodecki)