AI Difficulty? Or same AI with personal handicap?

I am a little confused. So I was playing on CEO when I noticed something. How come the AI does not have the same handicap as I? Actually why is there a handicap as difficulty in the first place? Wouldn't it make more sense to have a standard start and just have varying levels of ruthless AI?

 

When I want a challenge I want a stronger opponent not cut off my own arm.

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Personally, i'd like both options; The choice of a personal handicap as well as an AI handicap ...