Anthropic and OpenAI have seen consistent revenue growth, as have their Chinese peers like Alibaba and DeepSeek.

While some aspects of AI are overstated, it has had a very real and tangible impact at least in the US and China in a number of white collar roles.

Additonally, the fact that China is allocating $295B [0] for an AI buildout as is the US [1] and are using it to also help their domestic GreenTech and DeepTech ecosystems means the AI boom is having a downstream impact in multiple sectors.

EU states already missed out on the Dotcom, Social Media, Cloud, IoT, EV, and GreenTech booms at the expense of the US and China. If your sentiment is the norm within Europe, then both the US and China are correct to view the EU states as junior partners. States that control the technological frontier also control their destiny.

[0] - https://www.reuters.com/world/china/china-prepares-295-billi...

[1] - https://www.blackrock.com/us/individual/insights/energy-and-...