The US and China compete on many fronts, and one of them is artificial intelligence.

But China has a different set of values, which former Google CEO Eric Schmidt is not a big fan of — especially when those values shape the AI on apps his children use.

"You may not care where your kids are, and TikTok may know where your teenagers are, and that may not bother you," he says. "But you certainly don't want them to be affected by algorithms that are inspired by the Chinese and not by Western values."