A Eye on AI - September 6, 2026, 12 PM Eastern

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.

Sources:
- SCMP — Business (Greater China): https://www.scmp.com/tech/big-tech/article/3366407/punching-above-their-weight-how-chinas-ai-giants-stretch-each-dollar-compute-race?utm_source=rss_feed
- SCMP — Asia: https://www.scmp.com/news/china/science/article/3366540/china-will-never-allow-any-country-world-achieve-ai-dominance-victor-gao?utm_source=rss_feed
- SCMP — Asia: https://www.scmp.com/news/world/africa/article/3366561/children-among-least-25-killed-cabo-verde-bus-crash?utm_source=rss_feed

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