Who’s winning and losing in AI plays like a wacky race in that every week there seems to be a new leader. But that’s actually the wrong way of thinking about today’s AI revolution. The right questions are about the three Cs: Capability, Capital and Civics. That’s the lesson of Keith Teare’s latest That Was The Week tech newsletter which focuses on what he calls “the Year in Intelligence”. Nobody is winning the AI race, Teare argues, because it isn’t a race. Instead, it’s an endless innovation cycle without either a start or finish line. The three key questions are whether AI capabilities are solving real social and economic problems, whether we can fund a $200 trillion industrial rebuild, and whether the rewards can be equitably shared. Those are the questions we should be asking. Not who is winning or losing.

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