Jim Rickards, investment banker and author of “MoneyGPT,” says Donald Trump’s pick for treasury secretary, Scott Bessent, is aiming to cut America’s debt, grow the GDP 3% annually, and increase domestic fuel production. He also says the United States can outplay China in the artificial intelligence arena because Beijing is obsessed with micromanaging tech. Rickards says Biden’s attempt to regulate AI is futile and that Trump should try to guide its development rather than hamper it. He also urges the incoming Trump administration to invest in domestic chip production.

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