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800 million? Is that a misprint? Sounds like it's missing a few zeros
Crazily, it is not
This is sad. We can't even break a billion dollars investing in the most important technology humans have ever created?

I would guess China's yearly investment is at least two orders of magnitude more than that

80 billion dollars? China's annual defense budget is $202 billion. They're not going to be spending 40% of that on AI.
Is AI really "the most important technology humans have ever created"? What has it achieved so far to deserve such a distinguished title?