This is nothing more than a marketing scheme and a psyop against America. The market is 2% off its all time high. Most US stocks were up today. This was a targeted attack against the chip sector. It happened overnight during the Chinese session. And it has rebounded nicely since American markets opened.
This story is hilarious. All of a sudden a small Chinese company is said to have the best AI for a few million. Yet the AI still says everything China does is great. And everything Japan has done is horrible. Its not a real AI. Its just fake news.
My first thought this morning was Theranos, starring Elizabeth Holmes.