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You act as if Chinas Ai labs exist in the same (non-existent) regulatory framework as US labs and that they're also helmed by a similar small gaggle of psychopathic egomaniacs who are richer than god. Have you considered that perhaps Chinas labs don't share the race to the bottom technological/economic death spiral?
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I have not considered that and neither I have a reason to given China's love of large military projects like the US.

One of these is not remotely like the other



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