Is chinese AI going to bust the US tech financial bubble? A dialogue with Michael Roberts

In this interview with economist Michael Roberts, realised just after the Deepseek triggered fall in US stock markets, we first analyze the impact of chinese AI in the accumulation model of american financial capitalism. Will it trigger a process of deflation of the big tech sector, which is increasingly the driving force behind the U.S. speculative bubble? Furthermore, what long-term effects will the spread of AI have on energy consumption? Given that geopolitical competition over AI will shape the future confrontation between a declining empire and a possible multipolar world that could open space for the emergence of socialism, understanding who will prevail is crucial: will AI serve humanity, or will it be controlled by a clique of sociopathic tech bros?