Silicon Valley’s Elusive Fantasy of a Computer as Smart as You

The president’s attack on the key tenet of the Biden administration’s industrial policy has set off concerns that he may claw back its funding.

Xiaomi, which produces smartphones and consumer electronics, delivered 135,000 E.V.s last year after tapping China’s robust manufacturing supply chain.

The A.I. chip maker reached the landmark before Apple and Microsoft, as its value rose more than 10-fold following ChatGPT’s release in late 2022.