The article discusses the ongoing competition in the artificial intelligence sector, particularly between American and Chinese companies. It highlights how recent developments, such as the launch of DeepSeek's R1 model, have led to volatility in American tech stocks. While acknowledging the potential benefits of AI in various fields, the piece cautions against overestimating its current capabilities and warns of the pitfalls associated with reliance on AI in education and critical thinking.
As it is wont to do, the stock market got out a bit ahead of its skis in this whole artificial intelligence craze.
Indeed, China has been pouring resources into the artificial intelligence race. In late January alone, the country established a 60 billion yuan ($8.2 billion) AI investment fund.
I have no doubt that someday AI will permeate the economy. For now, though, and for a long time, it's going to be limited to making certain things marginally easier for certain people.
Frequently this is a good thing, like when it helps a medical professional find a cancerous growth earlier or when it saves someone a few thousand dollars that they'd otherwise have to pay a lawyer.
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