The article discusses the emergence of Chinese startup DeepSeek, which surpassed Western firms by releasing an innovative open-source AI model with minimal funding. This event echoes a broader pattern of Chinese companies outperforming their Western counterparts in critical industries, like electric vehicles, through strategic government support and investment. Experts argue that this trend illustrates the underestimated resourcefulness and ingenuity of Chinese innovation, contrasting the U.S. approach of sporadic investment in technology sectors. The success of firms like DeepSeek can shift perceptions of China as a follower, positioning it instead as a competitive leader in technology.
There is an underestimation of Chinese innovation and ingenuity. There is resourcefulness even when there may not be access to the best technology.
It's basically, decide on an industry that's critical, and put a lot of money towards it for a long time.
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