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Artificial Intelligence (AI)

China’s AI Breakthroughs Show It Is Outcompeting Monopoly Capitalism

February 21, 2025 João Romeiro Hermeto, Geopolitical Economy. , , , , , ,
The Chinese company DeepSeek has made a major breakthrough in the development of artificial intelligence (AI), with the release of its deep learning model R1. As the Financial Times put it, “With DeepSeek, China innovates and the US imitates”. Until now, the West had deemed China incapable of innovation, and Western monopoly capitalism was considered the summit of technological development. China has quietly and gradually overcome not only crucial internal contradictions but, above all, impediments imposed by the West that sought to curb its development.

A New Military-Industrial Complex Arises

February 10, 2025 Michael T. Klare, Scheer Post. , , ,
Last April, in a move generating scant media attention, the Air Force announced that it had chosen two little-known drone manufacturers — Anduril Industries of Costa Mesa, California, and General Atomics of San Diego — to build prototype versions of its proposed Collaborative Combat Aircraft (CCA), a future unmanned plane intended to accompany piloted aircraft on high-risk combat missions. The lack of coverage was surprising, given that the Air Force expects to acquire at least 1,000 CCAs over the coming decade at around $30 million each, making this one of the Pentagon’s costliest new projects.

Washington’s Fantasy Of A War Against China

February 6, 2025 Vijay Prashad, People's Dispatch. , , , ,
The fragility of US power was clear when a small Chinese startup released the DeepSeek machine learning program. The US stock market Nasdaq shuddered, with technology stocks collapsing. This collapse is not a minor matter for the US economy. During the post-COVID-19 inflation (2021), foreign investors began to slow down their purchase of US debt. Then, after the US seized USD 600 billion in Russia’s foreign exchange assets (2022), many central banks moved their own holdings away from the long-arm jurisdiction of the United States. US Treasury bills languished.
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