The markets can be irrational for a while, but if the Chinese models are about 90% of the performance of OpenAI and Anthropic models, and the Chinese companies are < 10% of OpenAI and Anthropic's proposed IPO valuations, something has to give eventually.
This isn't just the AI race, but the end to perceived American exceptionalism (where USA wins by default). It's going to take a while for people to recognize that. Before that the markets will still go crazy, but that's not evidence things will continue on as "normal".
This isn't just the AI race, but the end to perceived American exceptionalism (where USA wins by default). It's going to take a while for people to recognize that. Before that the markets will still go crazy, but that's not evidence things will continue on as "normal".