On the other hand (OTOH), China is desperate to keep up and keeps pushing open models (rightfully so), as they understand how far ahead from everyone the US is, and that whoever gets this right first basically is going to become an alien compared to others.

But even with all the open models the US is just insanely ahead in AI buildout and capital allocation (as usual).

Is it a bubble? Is it like the race for the-first-to-the-nuclear bomb? Both?