[joules77]

Putin the magnificent has said "whoever leads in AI will rule the world". So it is a war. An arms race. Weirdly being run by private capital cuz there was no incentive(unlike during WW2/Cold War) to fund a state run Manhattan Project for AI.

Watch what happens if a breakthrough comes out of China, Russia or a shed in Nigeria. What is happening on Wall Street or who is loosing cash or jobs will drop instantly down the list of priorities. Money will be printed to the moon.

[xboxnolifes]

I think rather than there being "no state inventive", its that there is already private incentive, so there's not enough reason for the state to get heavily involved outside of maybe providing some additional capital. Private companies are already putting in the effort and taking on much of the risk, the government can just step in later after the results show.