This has got plusses and minuses. It's good to see more money poured in to AI development, but in this case it was because of sanctions, and the world economy becoming split is detrimental to ordinary people. The sanctions may cause money to be wasted on redundant R&D that reduplicates effort elsewhere. Still, I bet Huawei made some great progress with their $24 billion.

The following submission statement was provided by /u/tomato-is-vegetable:

This has got plusses and minuses. It's good to see more money poured in to AI development, but in this case it was because of sanctions, and the world economy becoming split is detrimental to ordinary people. The sanctions may cause money to be wasted on redundant R&D that reduplicates effort elsewhere. Still, I bet Huawei made some great progress with their $24 billion.

Please reply to OP's comment here: https://old.reddit.com/r/Futurology/comments/11yman6/huawei_spent_almost_24_billion_on_rd_in_2023_to/jd88nxf/

The positive lean is because this is state-owned media. The reality is they spent $24 billion with little to nothing to show. It doesn't matter how much money China throws at R&D, it will never lead in it.

How do you spend $24 Billion researching a developing a way to remove the back doors you yourself created?

Huawei has shown that they cannot be stopped by US sanctions, instead they created a self sufficient ecosystem.

A private company spent 24$ billion like that and can survive? Yeah ok, I’m sure they aren’t fully funded by and under direct control of the Chinese government.

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