I imagine 2 big giants basically (Nvidia/google/amd basically influenced by a few select of people) vs (Chinese companies who have investments from the govt)

its sort of like proxy wars and this is sort of whats happening in software side of things with open source models but I think that the benefit of the proxy wars is going to be for the end consumers

But although on the other hand, having two large countries compete with each other while buying everything else and all feels like it astronomically increases the price if someone wants to compete with these two giants (any other country perhaps)

We definitely need a better system where it doesn't feel like we are seeing pacman eat everything up basically

Is it not? All this money is going into AI under the fear that China will win the race to AGI. China releases open-source models that keep OpenAI/Anthropic researching and training their models, which in turn creates demand for more Nvidia GPUs.