AI has become much more than a technological revolution: it has now emerged as a major arena for geostrategic competition. Behind all the excitement, announcements, and fears, a power struggle is unfolding between the United States, China, Big Tech, and Europe. Who controls the infrastructure, capital, models, and rules of the game? And what role do France and Europe play in this new race for empire? A conversation to cut through the noise and decipher the true balance of power taking shape around AI.