I don't understand this take. If compute-restricted China develops algorithmic improvements to AI, they will just be integrated with the American AI data centres and will push the SOTA forward. It doesn't remove the value of American AI infrastructure investment nor the economic potential of future SOTA models able to do billions of dollars worth of work.
Market cap is just (no of shares) x (share price) and fluctuates all over in ways largely unrelated to fundamentals. Share price = whatever the idiots buying and selling that day happen to agree on and can depend as much on their mood as anything else.
If it was in the US, maybe Faux news would have framed it this way, "why are these illegal beavers being allowed to steal American jobs?" and maybe blame Mexico for that.
Want to laugh, but this is classic bad economics take. SMBC-Comics could do this one.
The $1m can be spent fixing potholes. Massive waste of time, but if the next $1m is used to make potholes, a self-sustaining cycle of making and filling potholes can boost the local economy for just a small dribble of $1m per year input, to the alternating cycle.
Moles, obviously. They make heaps, precisely filling the potholes, but they do this by tunnelling, weakening the ground and over time creating more potholes.
It’s a prime example of a circular economy and sustainability
