'Chip War' Author Chris Miller Says China Has Been 'Underspending' On AI For Four Years: Beijing 'Just Doesn't Believe' It Matters

Chris Miller, author of 'Chip War,' argues that China has been underspending on AI and semiconductor infrastructure for four years, suggesting Beijing doesn't share the same urgency around artificial general intelligence as the U.S. Despite a reported $295 billion AI investment plan spread over five years, Miller notes this is lower than annual capital expenditures of leading U.S. cloud and AI companies. China is pushing firms toward Huawei's domestic chip ecosystem due to data security concerns.