This is an insane amount of fear mongering. Chinese shops have been shamelessly ripping IP from Western companies for years, should we now throw out those laws and let it happen in the US too for the sake of competitive advantage?

Why stop there? There's a ton of child labour in China and other part of the world that yield economic advantages. Should we let that happen in the western world too?

AI is wonderful in so many ways. But we should not throw out our entire way of life to adapt to a new technology.