Bloomberg Surveillance · Tuesday, July 7, 2026
Michael Green notes that China's AI development is progressing at an astonishing rate, primarily because restrictions on accessing chips have forced them to focus on efficiency and reduce reliance on American technology. He compares the current competitive landscape to the late 1990s, where competition was less significant, unlike today's situation with China's advancements.
“They have been limited in their ability to access chips. That has forced them to focus on efficiency. It's forced them to reduce their reliance on American technology, and they're proceeding at an astonishing rate.”
“Well, I think that's really one of the critical things to remember is that our competition in nineteen ninety nine. Was Canada right? It was a nortel.”
“Canada is a wonderful country. It's quite large, but it is I know it isn't a fantastic Oh that's what happens when you get old. But we sit here in reminisce about events gone by.”