AI as New Global Power? | Feb 27, 2026 | Morgan Stanley

> "The big five American firms have assembled about 10 times the compute to train their current LLM compared to their prior LLMs... if the scaling laws hold, then a 10x increase in training compute results in models that are about twice as capable." - Stephen Bird (On the widening gap between proprietary and open models) [00:03:46](https://www.youtube.com/watch?v=sr_XVBpPHWE&t=0h3m46s) > "The pure technologist…