ET Year-end Special Reads
2024 Rewind: Elections, extreme weather, sporting glories, moments that made history, and heartfelt goodbyes
Sensex & Nifty in 2025: Predictions, targets, must-have stocks for the new year
From Adani bribery allegations to PayTM Bank ban: Six shocks that rocked India Inc in 2024
The signs are already there. Both OpenAI and Microsoft released advanced versions of their AI tools last month. China established a technical committee on December 30 to guide the industry's efforts to widen the scope of applications through an AI+ programme.
A lot of attention has been focused on Donald Trump's decision to hire Sriram Krishnan, and the racial attacks he has faced. What is more important is Trump's approach to AI as a tool to outrace China in a wide range of manufacturing and service industries, besides military applications.
The US-China conflict and Trump's desire to preserve American dominance in AI will determine the prospects of this industry in 2025 and beyond as much as technological development. 'We have to be at the forefront… take the lead over China,' Trump said last June while vowing to 'secure strategic independence from China'.
He was whistling a different tune at a press conference in December when he suggested that the US and China could 'work together to solve all of the world's problems'. It's evident that the next US president would adopt a transaction-based approach in the AI business. For proof, we need to examine his about-turn on the ZTE controversy during his first term in