I came to this article expecting to be un-persuaded. But Ruby Tong makes decent points.
/Snip:
When the Magnificent Seven, America’s top tech companies, shed more than US$1 trillion in a single trading session, the usual question returned: is artificial intelligence (AI) a bubble? Yet as global headlines are transfixed by the personal and governance crises shaking Silicon Valley’s titan icons, that debate is already stale.Separate technology from stock prices and a harder truth emerges: multitrillion-dollar empires cannot merely survive on founder mythology and self-policing. The public is asking who bears the risk, and who gets a say.
https://www.scmp.com/opinion/world-opinion/article/3373829/us-or-china-firms-need-ai-they-can-independently-verify-and-trust
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