David Manheim notes China historically funds other speculative economic bubbles
Only one of these two countries is risking blowing up its entire economy on speculation.
Astonishing difference between US and Chinese AI capex, even after taking into account differences in PPP
Some users defend the US lead in AI capital expenditures by noting revenue to back the spending, while others criticize China's economy as damaged by overinvestment in real estate and infrastructure.
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@GaryMarcus To be fair, China has been repeatedly risking it's economy on speculative bubbles as well - just not the ones in AI.
@GaryMarcus Only two countries have the cash and technology capabilities to do to it.
@GaryMarcus to be fair, China is blowing up its economy on crazy real estate/infrastructure overinvestment and unsustainable subsidized overproduction that is alienating all their trading partners. we've just picked different areas for massively counterproductive spending
@GaryMarcus one of them at least has the revenue to back the gamble
@GaryMarcus So you invested in Baidu since it is rationally priced?
@GaryMarcus one's gambling with the house, one IS the house