China is leading in holistic AI development. Can the US catch up?

SCMP · 2026-02-11
China is leading in holistic AI development. Can the US catch up?

After a series of roller-coaster rides in financial markets, serious concerns remain about the long-term profitability of major artificial intelligence (AI) companies that mostly rely on circular financing – investing in each other to prop up demand. This volatility is worrisome when many Americans’