Sacks argues US is ‘tying itself in knots’ over AI after release of new Chinese model

Former White House AI and cryptocurrency czar David Sacks argued Friday that the U.S. is “tying itself in knots” over AI and risking its competitive edge, following the release of a new Chinese model.

Kimi K3, a new model from the Chinese startup Moonshot AI, sent shockwaves through the American AI industry Thursday after its developers claimed it could perform on par with Anthropic and OpenAI’s leading models.

The AI evaluator Arena also bumped Kimi to the top of its rankings for front-end coding, prompting Sacks to describe the development as “concerning.”

“Meanwhile America is tying itself in knots: politicians and bureaucrats are banning new data centers, piling on state regulations, and pushing for new federal agencies to pre-approve frontier models,” the venture capitalist wrote in a post on social platform X.

“This is how you lose the AI race,” he continued. “The rest of the........

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