There isn't really question of morality here, China simply operates different than the US. US companies will need to provide a return to investors and want a secret competitive edge. Chinese companies will need to provide the state with AI, money isn't a concern.
As for why the US gets all the VC love, it's because the US has an extremely friendly business environment. People leave their home countries to start businesses in the US because of it. Europe has done a pretty good job suffocating their tech industry in comparison.
The US government only plays a relatively minor role in this too, because unlike China the US is not a planned economy.
As for why the US gets all the VC love, it's because the US has an extremely friendly business environment. People leave their home countries to start businesses in the US because of it. Europe has done a pretty good job suffocating their tech industry in comparison.
The US government only plays a relatively minor role in this too, because unlike China the US is not a planned economy.