China's lesson for the US: it takes more than chips to win the AI race

That prompted some analysts to argue that the AI competition between China and the US was now being waged by "hyperscalers" - the world's largest tech companies with major capabilities across the entire AI stack.Some estimates suggested that US and Chinese tech giants would collectively spend more than US$400 billion on AI infrastructure this year - roughly equivalent to the gross domestic product of Romania, the world's 39th-largest economy according to the International Monetary Fund."Only in a pure 'race ...