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17:12 I think this is a very good question because this huge
17:17 change in the competition system,
17:23 meaning China at the start of the country,
17:29 providing a lot of services, products,
17:32 across the world, all the way, mainly,
17:35 to the rest of the standards.
17:39 And I think that's a good thing.
17:42 I think that's a good thing.
17:45 I think that's a good thing.
17:48 I think that's a good thing.
17:51 I think that's a good thing.
17:54 I think that's a good thing.
17:57 I think that's a good thing.
18:00 I think that's a good thing.
18:03 I think that's a good thing.
18:06 So I think it's not only not a competition,
18:11 it's actually a push to have new standards,
18:15 new technologies, not to compare them,
18:18 not to compare them with each other.
18:21 And I think overall, again, this is about the balance
18:24 that we're about to achieve.
18:27 Because this technology war was actually not helping
18:30 the original people who were behind that war.
18:33 who were behind that war.
18:36 Okay, so we've seen the narrowing process,
18:39 as it is, which is still ongoing.
18:42 I'll ask you a question, Dr. Nader.
18:45 To what extent does the narrowing process
18:48 actually affect the export of things in many fields?
18:52 Today we're talking about many fields
18:55 that depend on this issue,
18:58 or on the issue of things that are included
19:01 in the current sectors and fields.
19:04 First of all, the narrowing of this trade
19:09 is in the same way as the narrowing of the rules of the free market
19:16 or the rules of supply and demand.
19:19 Today there is a very big competition
19:22 between the United States of America and China,
19:25 especially the United States of America,
19:28 which wants, as usual, to dominate this industry.
19:32 There are new legislations,
19:35 and there are big lobbies in the United States of America
19:38 that are trying to narrow down other countries.
19:43 And this industry is limited in the field of narrowing and stimulation.
19:57 This industry, as Bloomberg reported,
20:02 has increased the production of this industry in the United States of America
20:09 to three times by the year 2032.
20:13 Today there are other industries that need this industry,
20:17 the industry of trade,
20:20 and there will be a lack of competition in the trade,
20:24 especially as you mentioned earlier,
20:27 as you mentioned earlier,
20:29 that the United States of America or China
20:32 can also limit other countries from obtaining these legislations,
20:39 which are the most important part of many technologies,
20:44 all that we enjoy today, humanity, from technology.
20:51 Therefore, I believe that the competition will be very big,
20:56 and if this competition between companies is limited to companies
21:00 that do not exceed, as your guest mentioned,
21:03 the ten companies, private companies,
21:07 but there is an intervention today,
21:10 and there is a political authority that wants to control this field,
21:15 because this industry is considered the most important and sensitive,
21:20 and it will determine who will be in the leading countries
21:24 and who will be in the backward countries and the developing countries.
21:29 Okay, maybe today the competition creates a bigger work,
21:34 as you mentioned, maybe this is the file that is still standing,
21:38 but to what extent today, Mr. Assam,
21:42 this competition may actually go to these parties to form an alliance today?
21:48 It may be a competition for another party,
21:51 because the United States of America is playing a role in this market.
21:55 To what extent could alliances be formed today in this sector?
21:58 Excellent. I want to take the word of the movement again now
22:02 and clarify that in the center of this war,
22:06 not only the electronic circuits,
22:09 the electronic circuits are just a cradle for artificial intelligence,
22:15 and artificial intelligence is the real war around artificial intelligence.
22:18 So it is considered new too?
22:20 Yes, because in order for artificial intelligence to work,
22:23 it must be able to perform huge computational operations in a short time.
22:29 Therefore, the size of the circuits must be much smaller,
22:33 otherwise the speed decreases,
22:36 and the energy used increases and time slows down.
22:39 So the reduction in size is the type of circuits that have a problem.
22:43 The usual circuits can be produced in many places around the world.
22:47 The limited circuits in the small ones are produced in Taiwan,
22:51 about 85% of them are produced there,
22:55 according to other companies in Taiwan,
22:59 and 15% are produced by Samsung in Korea.
23:02 The rest of the world is trying to take technology,
23:05 but artificial intelligence today is a kind of national security.
23:09 Why? Because whoever has artificial intelligence
23:12 can defeat his competitor who does not have it in production,
23:17 economy or war, in both.
23:20 Therefore, today we will find that even countries like...
23:24 all countries have started to make their own artificial intelligence models.
23:29 So we are talking today, not only about alliances,
23:32 all countries look at artificial intelligence as a national security,
23:36 that I must have an internal investment for it,
23:39 and not related to a person who may disagree with me one day.
23:44 So technological independence has become a national security standard for countries today.
23:50 I agree with you that this will lead to alliances.
23:54 We see today an alliance like Brexit,
23:57 I'm sorry, the BRICS,
24:00 the BRICS between China and Russia in one of these alliances,
24:05 and it included Arab countries.
24:08 So maybe these countries or these parties may work in other areas.
24:16 In your opinion, Mr. Petrie, to what extent, perhaps today,
24:19 this competition may be and become,
24:22 as Mr. Assam was talking about today,
24:25 this competition or perhaps forming a large alliance in this sector?
24:33 Yes, I do agree. I think the competition will go beyond the competition in the finance sector,
24:44 but it will be a competition in this system,
24:47 which we hope will be a race between the great powers around the world,
24:52 which are trying to benefit from these technologies and advance these technologies.
24:58 I agree with the president that artificial intelligence and the components of this artificial intelligence will be very important.
25:05 And the AI is just one of these components and these are the main tools for artificial intelligence to advance in the future.
25:13 Yes, this is not a war of AI,
25:15 but in fact it is a war of technology in a wider and larger integrated environmental system
25:21 in relation to this global economy and how the global powers are focusing on this new world of AI and technology.
25:31 The conversation is long because we have many files to discuss,
25:36 but thank you for being with us, Mr. Assam Jalal,
25:39 and you are the Science, Management and Information Technology Advisor at GNK.
25:42 Thank you very much, Mr. Peter Chon, and you are the Managing Partner at Silverbeard Capital.
25:47 Thank you, Dr. Nader Haddad, the Economist.
25:51 Thank you very much to you and our guests for this interview.
25:55 And now, we will come back to you for the end of "Under the Light."
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