It’s hard to believe these open models aren’t putting downward pressure on how much investment US AI companies are able to attract.

The US economy highly depends on the valuation of the tech giants whereas the Chinese economy doesn't.

Additionally, the financial and technological equilibrium which makes OpenAI or Anthropic possible is rather precarious so they are poking on it, hoping to make it fall.

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there's alot of reasons, but one of the more commonly cited ones is that China facing chip restrictions means they lack the compute to provide the models for global usage, and making them open-weight is one of the ways to circumvent these restrictions.