Microsoft’s President warns on China tech subsidies, CNBC reports

American tech companies should “worry a little bit” about the subsidies their Chinese competitors receive from their government in the AI race, Microsoft (MSFT) President Brad Smith told CNBC, Arjun Kharpal reports. As competition between U.S. and Chinese companies intensifies to develop the most advanced models, Smith said that the U.S. has “an advantage in terms of access to the most powerful chips in the world” and “other technology innovation.” But, speaking in an interview on the sidelines of the AI Impact Summit in New Delhi, India, he also said, “I do think we always have to think about, maybe even worry a little bit about Chinese subsidies.”