Big Tech oligarchs in Silicon Valley fear competition from Chinese AI companies like DeepSeek, so they're working with the US government to cut off competitors. Billionaire Donald Trump backer Peter Thiel admits they want monopolies, arguing "competition is for losers". Ben Norton explains.
VIDEO: https://www.youtube.com/watch?v=4jniPAD2uoo
Topics
0:00 (CLIP) "Competition is for losers"
0:17 China's DeepSeek AI breakthrough
1:46 US tech billionaire Peter Thiel
2:06 (CLIP) Peter Thiel praises monopolies
2:31 Peter Thiel backs Donald Trump
3:12 US government targets DeepSeek
4:23 US goal: stop Chinese innovation
5:40 China is developing 10 AI models
6:00 Senate hearing on China
7:15 (CLIP) "Let's steal [China's] engineers"
7:30 CIA testimony
8:24 (CLIP) Ban Chinese apps in USA
8:43 Is DeepSeek stealing from OpenAI?
10:40 OpenAI CEO Sam Altman
11:05 (CLIP) Sam Altman & Peter Thiel
11:24 Silicon Valley wants to cut off China
11:49 Anthropic CEO Dario Amodei
12:42 Chip restrictions on China
14:34 Big Tech wants US "unipolar world"
16:41 Who's authoritarian, USA or China?
19:03 US oligarchy
20:20 Capitalism vs competition
21:24 Peter Thiel employed JD Vance
21:54 PayPal Mafia
22:30 Robber barons
23:19 Capitalism creates monopolies
24:56 Chinese socialism vs US capitalism
29:38 Outro
