Economist Slams State-Backed AI Bets as Taxpayer-Funded Distortions

Economist Afinetheorem argues that state-funded AI model investments, whose buyers are largely government-linked firms like Schwarz, Bell and Proximity7 while international VCs stay away, distort markets and cannot pick winners.

2026-10-30 ~ 2026-10-30 · 2 related posts

• Cohere's investor list is mostly government-linked buyers, notes analyst — Afinetheorem · 2026-10-30
• Economist slams government-backed frontier AI bets as old-fashioned winner-picking — Afinetheorem · 2026-10-30