Yes, it is.
But there are first and second losers.

Tianamen Square ?

If the Great Leap Forward with its mass starvation (most likely the worst in human history) didn't lead to a change, you seriously think that a few export problems will?

It's short sighted of a special kind, even.

2-3 decades ago, it was car manufacturing. Every car maker by then knew that the Chinese would steal the tech. There's a famous example of a Mercedes Benz factory making busses which for the first year or two sold like hot cakes. Then demand suddenly vanished. Research found that the chinese joint venture partner (you had to joint venture in those days, not sure about now) had copied the entire factory, brick by brick, one city away. An exact copy making the exact same busses, just without Mercedes Benz in the loop. And, of course, slightly cheaper.

Everyone knew that.

And yet everyone went to China. They figured that it was still profitable to accept that risk.

Of course, the fact that CEOs these days change every few years and get a severance package large enough that they can immediately retire doesn't exactly make them long-term thinkers.

Heck, stop getting any food that is available locally. It's insane that I can buy some food that was grown in South America, shipped to Asia for processing and packaging and then shipped to Europe for less than the same food grown in Europe.

There's quite a bit of utter insanity there.

Yes, but this cuts both ways. These days, a LOT of essential day-by-day supplies are manufactured in China. If China and the G7 stopped all trade tomorrow, the damage to the G7 would be bigger and more immediate than that on China.

True. Germany is learning that lesson now that cheap energy from Russia is no longer available and its export business can't compete anymore.

I agree. The functions provided by this bed do not require internet connectivity AT ALL, let alone some ridiculous cloud based architecture. $5000 is enough to include a $200 miniPC to monitor temp and positional sensors.

Then they'll find out the hard way that Steve was right.

Because starting from scratch lets you thump your chest and say "See what we did" vs. the relatively obscure and often thankless task of making something existing better under the hood?

I realize those devices exit, but how many offer the features of phones at or near teh top of the market? Unless it can match that, it will remain merely neat tech used by a few diehards.

At which point it will hallucinate that every building is a McDonald's only to get you murdered by a drug cartel gang.

Lying to you to give you that terrible restaurant recommendation. https://arxiv.org/pdf/2510.06105 is a white paper mathematically proving that LLMs will lie.

I have said this all along- most of AI is GIGO- Garbage in, Garbage out. LLMs were trained on the largest garbage producer in our society today, Web 2.0. Nothing was done to curate the input, so the output is garbage.

I don't often reveal my religion, but https://magisterium.com/ is an example of what LLMs look like when they HAVE curated training. This LLM is very limited. It can't answer any question that the Roman Catholic Church hasn't considered in the last 300 years or so. They're still adding documents to it carefully, but I asked it about a document published a mere 500 years ago and it wasn't in the database, but instead of making something up like most LLMs will do, it kindly responded that the document wasn't in the database. It also, unlike most AI, can produce bibliographies.

A very interesting technological challenge. I suspect phone manufacturers will attempt to find ways to block installing it on their devices, given the phone itself is not the only revenue stream but also user data. A cat and mouse game will ensue, much like Apple with jailbreaks. Good luck to them, it would be a great plus for users.

Contract review and document review are two places where AI could be pretty good.

On the other hand I'd be a bit skeptical about using it for contract creation without a skilled lawyer knowing how to guild the AI to make sure the important points are covered. Much less creating legal filings, where hallucinating cases is getting people disbarred.

You have absolutely no clue what is high profit legal work.

Partners at AM100 law firms doing Mergers and Acquisitions typically bill over $1,500 an hour and can bill as much as $3,000 an hour. They can have a dozen partners bill 100 hours a week for months at those rates. And you think divorce is high profit?

This is why nobody takes AI fan boys who think AI will take over the legal profession seriously.

You are talking about the low margin stuff that people wish they weren't doing, and calling it high margin. The margins aren't there. The typical cost of suing over a home loan is about $200k. Which is approaching the value of the loan in poor areas. The cost is in things like depositions, transcription services, document review, court appearances and a small amount of the cost is in the legal arguments after all the evidence has been collected and sifted through.

There is a case to be made that AI could be used for document review of finding documents and reviewing the latest case law, to find relevant cases, but you need to have something like a WestLaw database, that you double check each citation with. More or less having the AI point to the cases, and then have the cases pop in from Westlaw, so if it hallucinated, it is at least misreading an existing case instead of making up cases.

There is another problem with the current AI software in that they don't understand that lawyers work on different cases and have to not share information between the cases, but still share their general knowledge. That is a problem that is pretty easy to solve at a technical level, but less so at a cost level.