Neither the US nor China can win the AI race alone, BofA analyst says

Neither Beijing nor Washington can win the race for artificial intelligence dominance without relying on other countries, a Bank of America analyst said ahead of this week’s high-stakes bilateral summit, citing deeply entangled global tech supply chains.

While China’s advantages had emerged in areas like power grids and manufacturing equipment, the country remained reliant on overseas suppliers for advanced chips, memory and some high-end materials, said Matty Zhao, co-head of China equity at...