American Big Tech is the world leader because they employee and train the best engineers in the world

OR

American Big Tech is the world leader because they employee illegal anti-competitive business practices and bribe/lobby US officials to not stop them

It's obvious which is correct. All of big tech has been leaking competence for a long time, and this AI frenzy is only accelerating it. The solution to these problems is to enforce the law and break them up, as smaller companies can't survive by being incompetent, and can't afford to compensate engineers with ridiculous salaries/inflated stock just to prevent them from joining/launching a competitor (or in the case of big tech, using illegal agreements to not poach from each other).

The worst part is that even if this problem reaches its apex, and some/all of these companies start to fail, the market won't correct itself. I can already see the government bailing them out so they can keep doing the same shit.