The U.S. just pledged hundreds of billions to protect its AI leadership. A Chinese startup with a ‘joke of a budget‘ may have already undercut those hopes
The U.S. just pledged hundreds of billions to protect its AI leadership. A Chinese startup with a ‘joke of a budget‘ may have already undercut those hopes

How a Chinese AI startup with a ‘joke of a budget’ won over experts—and spooked investors, the tech sector and the U.S. government

Paywall removed: https://archive.is/MqHc4
most of that 'hundreds of billions' isn't going to go towards the tech or infrastructure, it's gonna go to people. a very small number of specific individuals.
Incorrect. They can already do that without more money.
Project Stargate is funded via private investment, the US hasn't pledged any money
Well, I suspect that most of the money will be used to acquire or costume natural resources, like water and power.
Individuals become enriched because their share holdings are worth more.