It’s a two-horse race for AI crown. Where does that leave Singapore?

The AI industry is and will remain a two-horse race. Only the United States and China each have the talent and market size to propel continued production and advancement of AI models, which the rest of us will use. The US has the added advantage of abundant risk capital while China’s strengths lie in hardware manufacture and state support. Both are determined to win this race, including by shutting others out, as shown by the US blocking exports of advanced Nvidia semiconductors to China, and China blocking Meta’s acquisition of Singapore-headquartered Manus. This fierce competition is not simply one of…