I also believe this strategy is not only about conducting occasional violent hot wars but very much about conducting a non-violent day-to-day cold war which is largely invisible to the public (both China's and the US's). China has been waging such a "cold war" in the US for over a decade in their many break-ins onto US computers to steal IP, especially from high-tech and military/intelligence sources. In the last 5 years, they more active in international PR initiatives to promote their economic and political interests. China's AI and data-driven social engineering techniques will surely play an increasing role in daily practices like these.
Info-based warfare isn't about killing the enemy as much as weakening them, as Sun Tzu famously wrote, and I believe that's a view that China embraces. If you're patient, you don't need physical war. You can win simply by helping your enemy become more of a dysfunctional loser.
[0] https://twitter.com/nickconfessore/status/131385399616835174...
> sift through vast piles of data, find previously unknown patterns, and then exploit them.
is much harder to pull of sucessfuly than you think. Having worked in the weeds with many projects of this nature, in practice these models are wildly less useful and powerful than the people buying the output from them believe.
For an individual case, you can exploit this data pretty well to find out shocking amount of personal information about a person. Doing this at scale in a way that doesn't converge into noise is much harder.