Chinese open weight models are great for this turn, but American private models generate orders of magnitude more cashflow. This cashflow = investment in training future models. It's unclear how Chinese open weight companies are going to compete in future rounds if they can't raise the same capital for training runs.

The American business model is exceedingly efficient at building large businesses from zero. I wouldn't dismiss it as just a jobs creation thing.

> China has basically commoditized LLMs

What do you mean by "basically"?

Why are Anthropic's and OpenAI's annualized revenue about $50B each?

LLMs need massive amounts of compute to compete, so I wouldn't claim that the great (and leading, and likely to continue to lead) LLMs are commodities end-to-end, even if the non-executing-at-scale LLMs files and IP are commoditized. The execute, the compute, that is what breathes life into the model, which is otherwise weak or dead.