Corporate Subsidies and AI Competition

This chapter examines the intricate landscape of corporate subsidies and financial strategies in the tech industry, with a focus on the contrasting approaches taken by the US and China. It highlights the rapid advancements in AI, particularly through applications like DeepSeek, while addressing concerns about open-source models and the geopolitical implications of Chinese technology. Additionally, the discussion encompasses the evolving role of AI in finance and the shifting competition for talent between major tech firms and hedge funds.