The AI Oligarchs: China's Steel Playbook for Global Supremacy The parallels between America's new Gilded Age and its last are striking, particularly in the concentration of wealth and power among a select few tech billionaires.
Like their steel baron predecessors, these oligarchs control the infrastructure layer – chips, clouds, AI models, and data – and wield enormous influence over markets and policy.
For decades, America's tech industry has been built on innovation and disruption, with companies like Google, Amazon, and Facebook creating new markets and reaping the rewards.