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A CommentBelow is Perplexity AI's summery of what I think is the relevant and revelling, translation of a Chinese People’s Daily article on 24 February 2025 “Seizing the Historic Opportunity for the Development of Artificial Intelligence” by Gao Wen of Pengcheng Labs:"Open and shared AI, exemplified by the DeepSeek large model, is a catalyst for technological innovation and industrial upgrading. Its open-source nature allows for secondary development, lowering application thresholds, expanding business needs, and fostering innovation. This (open source) approach breaks down barriers, enhances transparency, promotes standardization, and creates a fair and healthy AI development ecosystem, ultimately leading to cost reductions, efficiency gains, and the growth of high-tech companies." (my bolding).(Pengcheng Labs is a Huawei partner).This post is the source material for my previous post <a data-mce-href="https://thewayrider.com/blog/us-ai-killer" href="https://thewayrider.com/blog/us-ai-killer" target="_blank" rel="noopener">"US AI Killer - After DeepSeek, part of China's continuing move to effectively blow a hole in the US AI market?"</a> The original summary of this article can be found via the link below under the sub heading 'AI Fever' via Bill Bishop at <a data-mce-href="https://sinocism.com/" href="https://sinocism.com/" title="Sinocism" target="_blank" rel="noopener">Sinocism.</a> Which in turn is part of a longer article translating these subjects: <a data-mce-href="https://sinocism.com/p/ai-chips-taiwan-plan-down-under-capital?utm_source=post-email-title&amp;publication_id=2&amp;post_id=157912104&amp;utm_campaign=email-post-title&amp;isFreemail=true&amp;r=zk6o&amp;triedRedirect=true&amp;utm_medium=email" href="https://sinocism.com/p/ai-chips-taiwan-plan-down-under-capital?utm_source=post-email-title&amp;publication_id=2&amp;post_id=157912104&amp;utm_campaign=email-post-title&amp;isFreemail=true&amp;r=zk6o&amp;triedRedirect=true&amp;utm_medium=email" target="_blank" rel="noopener">AI; Chips; Taiwan; PLAN down under; Capital outflows</a> A full translation by Bill Bishop, of the AI summary above, can be found <a href="https://abalone-taleggio-85c.notion.site/Seizing-the-Historic-Opportunity-for-the-Development-of-Artificial-Intelligence-1a41b804835280a78b44d17e0ef92a04" target="_blank" data-mce-href="https://abalone-taleggio-85c.notion.site/Seizing-the-Historic-Opportunity-for-the-Development-of-Artificial-Intelligence-1a41b804835280a78b44d17e0ef92a04" rel="noopener">here.</a>

China's AI Strategy

This <a data-mce-href="https://www.henleyglobal.com/residence-investment/golden-visa" href="https://www.henleyglobal.com/residence-investment/golden-visa" target="_blank" rel="noopener">website</a> gives a list of 30 countries that have some sort of 'Golden' visa program (including the US's EB-5 Immigrant Investor Program at US$ 800k).. Most are well under US$1 million, except:&nbsp;<ul><li>Canada CAD 1.2 million </li><li>Hong Kong HKD 30 million (US$3.8 million) </li><li>The British Tax haven island of Jersey £1.75 million (US$2.2 million)&nbsp;</li><li>And (surprise!) New Zealand $5 million (US$2.8 million). </li></ul>Not quite US$5 million, but still somebody's five million.<a data-mce-href="https://www.henleyglobal.com" href="https://www.henleyglobal.com" title="Henley &amp; Partners" target="_blank" rel="noopener">Henley &amp; Partners</a> <a data-mce-href="https://www.henleyglobal.com/residence-investment/golden-visa" href="https://www.henleyglobal.com/residence-investment/golden-visa" title="Leading Golden Visa's" target="_blank" rel="noopener">Leading golden visa programs</a>

Golden Visa - New Zealand's Already Got One

After DeepSeek, part of China's continuing move to effectively blow a hole in the US AI market?<a data-mce-href="https://www.cnbc.com/2025/02/26/alibaba-makes-ai-video-generation-model-free-to-use-globally.html" href="https://www.cnbc.com/2025/02/26/alibaba-makes-ai-video-generation-model-free-to-use-globally.html" target="_blank" rel="noopener">Alibaba makes AI video generation model free to use globally</a> Via CNBC on 26 February 2025

US AI Killer

Canada shipping cargo container export import trade economy

A CommentBesides moving further to provoke an actual war on ice hockey fields, this type of talk emboldens Putin in his desire to conquer not only Ukraine, but (why not) the Baltic States, and Poland and Finland as well.&nbsp;<a data-mce-href="https://www.ft.com/content/2dfa3c11-64a7-49f6-83df-939b8d1cfb8e" href="https://www.ft.com/content/2dfa3c11-64a7-49f6-83df-939b8d1cfb8e" target="_blank" rel="noopener">White House official pushes to axe Canada from Five Eyes intelligence group</a> Via <a data-mce-href="https://www.ft.com" href="https://www.ft.com" target="_blank" rel="noopener">The FT - Financial Times</a> (paywall)

Four Eyes - Axe Canada

A CommentThe lack of any real comment over on False Media, sorry, Truth Social, over Metz's win in Germany on Sunday gives a hint that someone read the tea leaves wrong. Did they really expect that Vance/Musk endorsement would propel the AfD into first place? OK, now the real horse-trading starts in order to form a government, but seriously?

Truth no Vison: the Metz win

A Comment"The attacker used the "sweep ETH function," a smart contract mechanism designed to transfer all available tokens from one contract to another, which likely explains why the transferred amounts are round numbers. " Therein lies the rub, as they say. The function all Crypto Bros make out to be the one enormous advantage of cryptocurrencies: smart contract mechanisms.Might need to be renamed dumb arse contract mechanisms.<a data-mce-href="https://www.theblock.co/post/342667/crypto-exchange-bybit-hacked-as-over-1-billion-worth-of-eth-leaves-wallets" href="https://www.theblock.co/post/342667/crypto-exchange-bybit-hacked-as-over-1-billion-worth-of-eth-leaves-wallets" target="_blank" rel="noopener">Crypto exchange Bybit confirms hack as over $1.4 billion worth of ETH leaves wallets</a> Via <a data-mce-href="https://www.theblock.co" href="https://www.theblock.co" target="_blank" rel="noopener">The Block</a>, published 21 February 2025

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China's AI Strategy

Golden Visa - New Zealand's Already Got One

US AI Killer

Four Eyes - Axe Canada

Truth no Vison: the Metz win

Bybit and Crypto Smarts.