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For the companies it's not clear.

For the state, like BVD, the goal is to be a loss-leader for Chinese infrastructure + manufacturing.

If the model is commoditized then the AI race becomes competition over building infrastructure to support it. China is very good at building infrastructure.

They don't need to run a business, they are a Chinese state enterprise. The tax dollars of Chinese workers covers the cost. China is a communist country with mock free enterprise, it is not the team blue version of the US.