Benzinga·2025-11-15 06:30Group 1 - Kevin O'Leary warns that China's rapid power capacity expansion poses a significant threat to the U.S. in the global AI race, emphasizing that electricity, not chips, is the critical factor [1][2] - O'Leary highlights that China's ability to quickly build coal plants without regulatory delays gives it a competitive edge in AI development, while U.S. projects often face lengthy approval processes [2][3] - The U.S. power grid is described as "tapped out," which is hindering AI growth in the country [3] Group 2 - The Gain AI Act is being advanced by U.S. lawmakers, aiming to impose stricter export restrictions on advanced AI chips to China and other nations under arms embargoes [3][4] - Microsoft and Amazon's cloud unit have shown support for the Gain AI Act, marking a public divergence from Nvidia, which opposes the proposal as a "self-defeating policy" [4][5] - Nvidia's CEO has expressed concerns that China's AI capabilities could catch up due to its cheaper power and fewer regulatory barriers, noting a significant drop in Nvidia's market share in China from approximately 95% to nearly zero due to U.S. export restrictions [6][7]