Source: Tech – South China Morning PostGales of creative destruction will sweep away folly and naivety next year as they batter what appears to be the largest boom in modern history – the scramble to dominate artificial intelligence (AI) driven by US-China rivalry. The market debut of China’s Moore Threads last week, its shares more than quintupling on the first day, underscores the feverish momentum.
Speculative assumptions guiding trillions of US dollars in AI investments are colliding with real-world obstacles. Escalating costs,…Read More