Both Washington and Silicon Valley are in the midst of a collective freak-out over China’s recent advancements in artificial intelligence.Key takeawaysThe release of the new AI model, Kimi K3, has reignited concerns in Washington and Silicon Valley that China’s AI capabilities are catching up fast to the United States. US concerns about Chinese AI can be separated into three general buckets: cybersecurity vulnerabilities, military capabilities, and the future of democracy. While there’s wide consensus that China’s growing AI dominance is cause for concern, there’s less about what to do about it, and some potential policy options may be counterproductive.The latest…