China has all but caught up. The US is not going to “win” the AI war. Here’s what we should do instead.

Axios coverage of the new modelThree weeks ago, I warned here that “The ultimate culmination of the “no moat => more competitors => price wars => profits are scarce” argument that I have been making here regularly since the summer of 2023, has arrived — and may wreck the U.S. AI industry”Last week, the Chinese company Moonshot.AI announced a model called Kimi K3 that is largely on a par with the best American models, and unlike those models, it is an “open weight” model that consumers will be able to download to run locally (if they have the large-scale hardware to support it) for free. The US stock market dropped partly on this news Friday, and the repercussion are likely to be immense....

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