Dalio's Warning, AI Arms Race, China Powers Ahead, NYC Tax Standoff

Dalio's Warning, AI Arms Race, China Powers Ahead, NYC Tax Standoff

From Wall Street Week by Bloomberg

May 15, 2026 · 48 min

About this episode

Ray Dalio discusses market reactions to wars and the implications of AI development, alongside China's energy investments and New York's tax challenges.

This week, Ray Dalio explains why markets shrug off wars and why this time might be different. And, why are AI executives warning about the dangers of systems they are simultaneously racing to build?  Plus, China’s massive investments in energy infrastructure are increasingly shaping the global competition for artificial intelligence leadership and industrial power. Later, can New York remain attractive to businesses and young workers while raising taxes to close a growing budget shortfall? See omnystudio.com/listener for privacy information.

People in this episode

Host: Bloomberg

Guest: Ray Dalio

Topics covered

  • market analysis
  • AI risks
  • China investments
  • New York taxes
  • global competition

Keywords

  • Ray Dalio
  • AI arms race
  • China
  • New York taxes
  • market analysis
  • energy infrastructure
  • global competition

Mentioned in this episode

Organizations: Bloomberg

Places: China, New York

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