The Bid

Rapid advancements in artificial intelligence are influencing global power dynamics in ways that are reshaping the investment landscape. So, how are these AI developments impacting geopolitics, and what does this mean for investors?Catherine Kress, Head of Geopolitical Research and Jeff Shen, co-head of systematic equities at BlackRock join Oscar to help us understand the current themes driving the intersection of AI and geopolitics, how the broader technology and AI race is evolving, and the broader implications of the shifting US policy landscape on active management opportunities.Sources: DeepSeek model training cost claims from paper, January 2025; 60% of US tech revenues derived from overseas based on Aladdin Explore, using revenue breakdowns from the S&P 500 index as of 4/30/2024; “DeepSeek's low-cost AI spotlights billions spent by US tech” Reuters, January 2025; “How DeepSeek AI Sparks Nearly $1 Trillion U.S. Tech Implosion”, Investors Business Daily, January 2025;“Nvidia Stock Has Almost Recovere