AIFortuneabout 2 hours ago
China is using the steel playbook on AI, and America's tech billionaires are standing in the blast zone
5 min read
China is applying its steel-era strategy of scale and subsidies to artificial intelligence. Chinese labs like DeepSeek, Kimi, and Qwen deploy low-cost AI alternatives, squeezing margins for U.S. firms. The U.S.-China AI gap has nearly vanished by spring 2026.
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