China will do to llms what they did to german cars
It’s not happening and the imminent bust is coming. Strap in while the music gets turned up (dots, ipo etc) and people decide to leave the partayyy!
Meanwhile, in the US, companies like Boeing, GM, and Intel will never be allowed to experience more than minor financial inconvenience before the government bails them out with protectionism, guaranteed loans, and outright subsidies.
I don't see a material difference between how the Chinese government treats their strategically-important industries and the way we do here in the West. Terms like "socialism," "Communism," and "capitalism" are just fodder for Fox News camp-followers.
It's not even anything controversial..