"China is within six months... which is a nanosecond in our world." At The Exchange, SCSP Chair Eric Schmidt delivered a major reality check on the U.S.-China AI race. While U.S. chip controls initially worked, Chinese innovators adapted fast. They used slower hardware and clever software workarounds to train advanced models like DeepSeek, closing a two-year capability gap down to just six months. Now, they are aggressively pushing open-source AI globally, a space the U.S. cannot control. The tech race is moving faster than ever. #EricSchmidt #ArtificialIntelligence #NationalSecurity #TechPolicy #china #AI