IFP @fiiiiiist on why lifting export controls wouldn't stop China from spending a full CHIPS Act worth of money every year to reduce US chip dependency: "I don't buy this argument. The most important reason is that China is very distrustful of the US. We have already shown we're willing to use export controls on compute to slow their ability to develop frontier AI systems." "If we stopped doing that tomorrow, it is very unlikely they'd say, everything's fine. Let's pause our own investments…