China is an interesting inversion of the US. In the US, the government is invested in the AI race because they’ve been bribed and because the money line go up. In China, the government was invested in the AI race before the bubble started to inflate and is instead pushing its own companies to invest in AI. Basically: in the US markets are in command, in China politics are in command.

It’ll be really interesting to see how the two countries respond to the bubble bursting.

As for Europe, there’s been some murmurings about tech sovereignty which are really exciting to me. They need to get out of US tech, whether that means they put a lot more focus on building European AI firms or they just get out of AI entirely.