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China’s open-weight AI exposes the fiction behind Wall Street’s boom
In July, free software from China set off the worst week for U.S. chip stocks in over a year and briefly cost Nvidia its place as the world’s most valuable company. Wall Street panicked because Chinese firms had matched the leading U.S. artificial intelligence systems. But the selloff exposed something deeper. The AI boom rests […]
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Imperialism, oil prices and the World economy
Since the beneficiaries of the oil price rise will be immediately holding their windfall profits quite substantially as bank deposits that create no direct demand for goods and services, while the losers from inflation will have to curtail their total demand for goods and services in real terms, such an inflation will have a depressing effect on the level of world aggregate demand, and hence will cause a recession in the world economy.
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Open source vs. closed doors: How China’s DeepSeek beat U.S. AI monopolies
China’s DeepSeek AI has just dropped a bombshell in the tech world.
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The ill-starred consequences of America’s Chinese chip war
An interesting new article in the prominent American journal, “Foreign Affairs”, by three academics from Georgetown University, argues that “Washington should place less emphasis on slowing down China and more on improving its own innovative prowess.”
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U.S. waging ‘unilateral’ economic and tech war to halt China’s rise, DC insiders say openly
The Biden administration’s aggressive sanctions aim to “kneecap” China’s tech sector. A former Pentagon official acknowledged it is a “disproportionate” and “unilateral” attack, a “form of economic containment.”