The Download: the artificial general intelligence myth and US/China artificial intelligence competition

This edition of The Download examines how belief in artificial general intelligence has taken on the tenor of a conspiracy theory and surveys arguments that China may be positioned to win the global artificial intelligence race.

The Download, MIT Technology Review’s weekday briefing, leads with a feature by Will Douglas Heaven arguing that artificial general intelligence has taken on the character of a conspiracy theory. The piece captures the polar extremes of expectation around the technology – optimistic timelines and promises of transformative solutions on one side, existential apocalyptic fears on the other – and frames the debate as part of MIT Technology Review’s “The New Conspiracy Age” series on how conspiracy thinking is reshaping science and technology.

The newsletter also carries the first edition of a collaboration between the Financial Times and MIT Technology Review called The State of AI, with a dispatch by John Thornhill and Caiwei Chen asking whether China is about to win the artificial intelligence race. The column contrasts the United States’ advantages in semiconductor expertise, cutting-edge research, and data center investment with China’s capacity to mobilize whole-of-society resources to develop and deploy artificial intelligence at scale. The series will publish weekly for six weeks and aims to map how generative artificial intelligence is reshaping global power.

A curated must-reads list highlights industry and policy developments, including reports that China may offer incentives for data centers that use native chips, Norway’s oil fund opposing Elon Musk’s large pay package, OpenAI’s significant compute deal with Amazon, and allegations that cybersecurity workers moonlighted as criminal hackers. Other items touch on labor used to train humanoid robots, limits to large language models’ introspective descriptions, renewed corporate bets on artificial intelligence advertising, and Facebook Dating’s growing use despite scam risks. The issue closes with a quote about the human limits of algorithmic matchmaking, an in-depth piece on an asteroid that briefly carried a 3.1% chance of impacting Earth in 2032 before being ruled safe, and a light section of cultural links and distractions to round out the briefing.

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Impact Score

UK and EU Artificial Intelligence regulatory outlook for May 2026

The UK is moving ahead with targeted Artificial Intelligence measures in policing, online safety, cyber security and copyright policy, while the EU is refining how the EU Artificial Intelligence Act will apply in practice. Consultations, new offences and implementation deadlines are shaping the next phase of compliance on both sides.

Germany sets out national implementation of the Artificial Intelligence Act

Germany has published a draft law to implement the European Artificial Intelligence Act through new supervisory structures, clearer institutional responsibilities, and measures designed to support innovation. The proposal puts the Federal Network Agency at the center of enforcement while preserving sector-specific oversight in sensitive fields.

ECB warns banks about new Artificial Intelligence security risks

The European Central Bank has called major banks to an emergency meeting over cybersecurity risks tied to advanced Artificial Intelligence models. Regulators want banks to speed up security updates as newer tools make it easier to find and exploit vulnerabilities.

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