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America Helped China Catch Up in the AI Race ft. Kai-Fu Lee | Fortune Daily

Nov 10, 2026
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Did America’s strategy to control AI hardware backfire? In this episode of Fortune Daily, AI pioneer and former Google China president Kai-Fu Lee joins senior writer Allie Garfinkle and senior AI reporter Emily Forlini for a roundtable on what’s really driving the US-China tech race. Lee breaks down why cutting China off from cutting-edge chips pushed Chinese developers toward cheaper, open-source models that are now rivaling America’s most expensive systems. We also examine the unfolding investigation at Nvidia after reports that CEO Jensen Huang had an affair with a woman suspected of spying for China, Anthropic’s path to an IPO, and why businesses are pivoting toward open-source models. Plus, Fortune AI Editor Jeremy Kahn breaks down OpenAI’s controversial move to publish—and in some cases withdraw—solutions to hundreds of unsolved math problems. The Kai-Fu Lee interview featured today is an excerpt from a wider roundtable. The full, unedited conversation will be published on our channel later this week—subscribe so you don't miss it. Subscribe to Fortune: https://fortune.com/subscribe/ Additional images courtesy of Getty Images