In May 2023 Google famously said “We Have No Moat And Neither Does OpenAI”. By that they meant they have no future protected business model to justify the tens of billions they are all burning through every month developing AI. Maybe it's even worse - even when they start to build the tiniest of moats, China drains it dry.
Here we see more evidence for that proposition, Tencent's HunyuanVideo, the equal of leading western AI video generation models. Tencent released HunyuanVideo’s open weights and code, making the model readily available for both researchers and commercial uses.
Where will all this end? Many people think AI funding is currently at the irrational exuberance end-of-bubble phase. Will this make it 'too big to fail' when it does? Will we see future public bailouts in the 100's of billions for AI companies?
Fuck the Chinese State, but this is absolutely amazing! Open source model weights are a step towards public ownership over this new means of production.
I agree. People talk a lot about UBI. It makes sense in principle, but I wonder how about the political likelihood of making it happen.
Meanwhile, as you say, paradoxically Capitalism keeps making Marx's 'means of production' with AI and robotics more likely to be in wide and public ownership.
China does a lot of amazing things. Stop buying into the sinophobic propaganda.