Indeed they do
Ownership
Huawei Investment & Holding Co., Ltd. is a private company wholly owned by 151,796 of its employees and retired beneficiaries, as of December 31, 2023. Mr. Ren’s investment accounts for nearly 0.73% of the company’s total share capital.
the key bit
This represents a potentially significant shift in AI deployment. While traditional AI infrastructure typically relies on multiple Nvidia GPUs consuming several kilowatts of power, the Mac Studio draws less than 200 watts during inference. This efficiency gap suggests the AI industry may need to rethink assumptions about infrastructure requirements for top-tier model performance.
Sure, meanwhile Cuba, China, Vietnam, Laos which are moving humanity forward.
The quotes you selected suggest the opposite. The US is recognizing that it lost the proxy war against Russia, and it is now willing to accept Russian terms for ending the conflict.
Critical support for the US destroying its scientific and technology base.
That’s going to accelerate the process for sure. Also worth noting that the US education system has been terrible for decades, and they’ve relied on poaching talent around the world to stay at the top.
It looks like China has just reached parity with the west this decade, and now it’s starting to visibly pull ahead. I think we’ll see the pace of that accelerate over time as well given that the very act of catching up requires faster rate of development.
Seems like this is a shocking development for a lot of people who bought into China collapse narratives floating in the west.
a good explanation of why that is https://americanaffairsjournal.org/2021/08/the-value-of-nothing-capital-versus-growth/
The reality is that capitalism is already visibly failing today, and we see mass civil unrest growing across the western world as a result. It’s possible that bandaid solutions like UBI may be attempted, but it’s pretty clear that there would need to be major restructuring of economic fundamentals going forward.
My point is that rapid explosion of automation ushered by robotics as we’re seeing happening in China will make capitalism an unviable economic system.
There’s also a second aspect to this as well. Capitalism is built on consumerism which requires people to work to earn disposable income that they spend on goods and services.
Seems like that would have to be the inevitable result of all this. When machines can do most jobs better than humans, then the whole idea of working for a living stops making sense.
Mr Ren is the founder, and the company was started as a cooperative as I recall. The total size of the company is 207,000 people, but typically people have to work at a company for a bit before becoming part of the cooperative. Hence why there non owner members.
https://www.huawei.com/en/corporate-information