Does US AI Depend on Big Companies Throwing Money in the Toilet? The Chinese Competition

Source: CounterPunch
by Dean Baker

‘Most of us tend to think that the people controlling billions, or even hundreds of billions of dollars, at major corporations have a pretty good idea of what they are doing with their companies’ money. But that clearly is not always the case.” (06/26/26)

https://www.counterpunch.org/2026/06/26/does-us-ai-depend-on-big-companies-throwing-money-in-the-toilet-the-chinese-competition/