Billionaire investor Ray Dalio says this will be China’s play in the AI tech wars

• Ray Dalio said China is terrific at producing cheap goods and its play in the tech wars will be “very inexpensive chips.”
• US tech stocks tumbled following the release of Chinese AI lab DeepSeek’s new lower-cost model.
• Dalio said the AI war is one that no country can afford to lose.

Billionaire investor Ray Dalio said he expects China to leverage its manufacturing might in the AI arms race, following a similar strategy as it did with electric vehicles.

Nvidia…