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HOW THE U.S. CAN LEAD

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December 29, 2025

Artificial intelligence is reshaping the world.

- BY ERIC SCHMIDT

Who controls the reshaping—and under what conditions—remains far from settled. The past year has made clear that the race ahead is actually multiple overlapping contests unfolding at once.

The first is between the U.S. and China. American frontier labs continue to lead the push toward artificial general intelligence (AGI), investing extraordinary sums to build systems that could equal or surpass human cognition. The stakes are immense: AGI could shift the global balance of power and generate unprecedented economic growth.

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