For years, Silicon Valley convinced investors that bigger budgets, more GPUs, and trillion-dollar valuations were the future of artificial intelligence. That narrative is now challenged.
In this episode of the Silk and Steel Podcast, Carl Zha is again joined by AI researcher TP Huang to examine why it is that China's newest AI models shake the technology industry and global financial markets.
From ZAI (formerly Zhipu AI) and Meituan's surprise breakthrough to the growing impact of DeepSeek, TP explains that Chinese AI companies deliver world-class performance at dramatically lower cost. He discusses what that means for OpenAI, Google, Anthropic, Nvidia, and the future of the AI industry.
They also explore whether America currently experiences an AI investment bubble, why China's open-source ecosystem advances so quickly, how hardware restrictions pushed Chinese engineers to become more efficient, and whether the centre of AI innovation begins to shift eastward.