Unfortunately, the reported AI boom, is of the same kind as Japan's "5th generation" computing was.

The when nouveau riches bankrolling the AI party see that no neural algo amount to "money out of thin air" they quickly loose interest, even without finding out what neural algos actually are.

The atmosphere in the industry feels very much like pets.com 2.0.

Here in Shenzhen, I often ask those intrepid samodelkins "how are you supposed to make money with it?" and never hear back a concise answer.

China's real economic strength does not lay with that type of enterprises.