Artificial Intelligence4h ago
China’s demise was gleefully predicted by the west – meanwhile, it built an AI revolution | Larry Elliott
AI EXECUTIVE SUMMARY
Despite widespread Western predictions of economic decline due to debt and market overinvestment, China is advancing significantly in the artificial intelligence sector. The emergence of high-performing, free Chinese AI models threatens to disrupt global technology markets and offers new competitive challenges and lessons for Western nations like Britain.
WHY IT MATTERS
The rapid development and distribution of low-cost or free AI models by China could fundamentally alter the competitive landscape of the global technology market and challenge Western economic dominance.
Free AI models that are as good as the investment-hungry US versions will disrupt global markets, and offer Britain a lessonAlmost from the moment it began, the end of the Chinese economic miracle has been much anticipated. Thick and fast, the books have come explaining how it will end badly. Overinvestment. A country wallowing in debt. The collapse of the property market. Political repression. The demand for democracy from a growing middle class. All have been put forward as reasons for the ine...
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