There is some humor in the fact that china (of all countries) is pioneering possibly the world's most important tech via open source, while we (US) are doing the exact opposite.
I wonder if there's a strategy behind all of this on China's side. I know the CCP uses a direct hand in many affairs in China, but is there an actual coordinated effort to compete with, or sabotage the West?
This I assume will make it more difficult for US AI labs to turn a profit, which might make investors question their sky high valuations.
Any sort of melt down in the AI sector would almost certainly spread to the wider US market.
In contrast, in China, most of the funding for AI is coming directly from the government, so it's unlikely the same capital flight scenario would happen.