The U.S. just pledged hundreds of billions to protect its AI leadership. A Chinese startup with a ‘joke of a budget‘ may have already undercut those hopes

return2ozma@lemmy.world · 4 days ago

The U.S. just pledged hundreds of billions to protect its AI leadership. A Chinese startup with a ‘joke of a budget‘ may have already undercut those hopes

humanspiral@lemmy.ca · 3 days ago

Capitalism, instead of Adam Smith definition, becomes supremacy of capital. Corporatism is actually more prominent than “shareholder rights/supremacy”. At any rate, Adam Smith said free markets where fair markets that resulted in perfect competition. Free competition sucks for oligarchs, because corrupt markets are more profitable.

The U.S. just pledged hundreds of billions to protect its AI leadership. A Chinese startup with a ‘joke of a budget‘ may have already undercut those hopes

The U.S. just pledged hundreds of billions to protect its AI leadership. A Chinese startup with a ‘joke of a budget‘ may have already undercut those hopes

How a Chinese AI startup with a ‘joke of a budget’ won over experts—and spooked investors, the tech sector and the U.S. government