Current export controls are the worst of both worlds: Key technology leaks to China, while controls weaken U.S. firms’ incentive to invest.

As Apple, Thinking Machines, and developers worldwide embrace Chinese AI models such as Kimi K3, U.S. policymakers are struggling to protect the AI lead.

Current export controls are the worst of both worlds: Key technology leaks to China, while controls weaken U.S. firms’ incentive to invest.