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> Valuation is not based on what they have done but what they might do

Exactly what I’m thinking. Chinese models catching rapidly. Soon to be on-par with the big dogs.

Even if they do continue to lag behind they are a good bet against monopolisation by proprietary vendors.

They would if corporations were allowed to run these models. I fully expect the US government to prohibit corporations from doing anything useful with Chinese models (full censorship). It's the same game they use with chips.

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