The following submission statement was provided by /u/tomato-is-vegetable:

This has got plusses and minuses. It's good to see more money poured in to AI development, but in this case it was because of sanctions, and the world economy becoming split is detrimental to ordinary people. The sanctions may cause money to be wasted on redundant R&D that reduplicates effort elsewhere. Still, I bet Huawei made some great progress with their $24 billion.

Please reply to OP's comment here: https://old.reddit.com/r/Futurology/comments/11yman6/huawei_spent_almost_24_billion_on_rd_in_2023_to/jd88nxf/