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Why China is Hedging Against America's Trillion Dollar AI Buildout
(dialecticaldispatches.substack.com)
this post was submitted on 16 Mar 2026
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It really feels as simple as the saying 'the US is still the place where you can go from 0 to 1, China is where you go from 1 to 100'. It's an industrial power that also invests in R&D. Once the technology is proven and scalable, the Chinese will jump right in.
It is the American Economy that is weird, given that it always bets on the ability of silicon valley to generate hyper growth. A bet that hasn't panned out lately, with Bitcoin, stablecoins, NFTs, the Metaverse and now LLMs. The underlying assumption of the massive US capital markets is that their bet on R&D will always yield Smartphone or Amazon Cloud Computing levels of economic revolution and as far as one can see there are tech companies getting used to less hypergrowth and more enjoying the fruits of having a monopoly over entire markets.