“Whoever becomes the leader in [artificial intelligence] will become the ruler of the world.”

When addressing a group of students last fall, Vladimir Putin likely knew that he would not be that leader. The lines have been drawn and the geopolitical scramble to harness the power of AI- this generation's Space Race - is well underway.

It's the United States vs China and - at least for the moment - it's anyone's bet.

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Russian President Vladimir Putin meets with journalists to comment on new U.S. sanctions targeting two major Russia's oil producers, as well as other international issues, in Moscow, Russia, October 23, 2025.
Sputnik/Alexander Shcherbak/Pool via REUTERS

The US has paused Russian oil sanctions in a bid to stabilize energy markets rocked by the war with Iran. Administration officials stress that it’s a “tailored” measure, applying only to oil already loaded onto tankers, but it’s still a gift to Russia, which has already been clocking an extra $150 million daily in oil revenues since the war began.