AI Investment Strategies in a Competitive Landscape

This chapter delves into the dynamic AI investment landscape, emphasizing the emergence of large language models and the competitive pressures within the industry. It contrasts the current AI race, particularly between China and the U.S., with historical technological shifts, highlighting the importance of understanding broader market dynamics over just the underlying technologies. The discussion also addresses the future of AI hardware and the evolving business models shaping the industry, raising critical questions about profitability and strategic adaptation.