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AI News from ET - US faces risk of 'massive capital destruction' as Chinese AI models challenge hyperscalers: Jefferies

Vishwadeep Khatri
in AI News & Two Lenses

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The United States could face "massive capital destruction" from its artificial intelligence (AI) investment boom as Chinese open-source AI models increasingly challenge the dominance and profitability of US hyperscalers, according to a report by Jefferies.

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