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