Do you think Japan and the EU would be better off if our/their economies were centred around trillion dollar companies that make a product that is 20% better than the Chinese models at 1000x the cost?

The reality is LLMs are just tools, and not even close to as revolutionary of tools as computers themselves. Even Chinese companies understand that. It is the US alone that is in machine god mania, gambling their economy on this idea that the next model will let them rule the world if only we give it three more months.