The Banking Executive Magzine - July 2025 Issue

Who’s Winning in AI—China or America? WHO’S WINNING IN AI CHINA OR AMERICA? the BANKING EXECUTIVE 8 ISSUE 199 JULY 2025 If you’re looking for a clean scoreboard with a final whistle, this isn’t that kind of contest. “AI leadership” isn’t one race—it’s five or six overlapping ones: frontier models, compute and chips, capital formation, talent and research, intellectual property, and real-economy deployment. On some tracks the United States is clearly ahead; on others China is setting the pace. For executives and policymakers, the smarter question is: who is ahead at which game—and what does that mean for strategy in 2025?