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Chinese AI Drive Accelerates as Researchers Signal Confidence and IPOs Jump

Progress is constrained by scarce advanced chipmaking tools, with the United States retaining a far larger computing buildout.

Overview

  • At a Beijing summit, Tencent’s chief AI scientist Yao Shunyu said a Chinese firm could lead global AI within three to five years.
  • Chinese startups MiniMax and Zhipu AI logged strong debuts on the Hong Kong Stock Exchange this week, reflecting rising investor appetite as Beijing speeds tech listings.
  • Researchers identified advanced lithography as a key bottleneck, and Reuters has reported a Chinese EUV prototype that has yet to yield working chips and may not do so until 2030.
  • Alibaba’s Lin Junyang said U.S. computing infrastructure is one to two orders of magnitude larger, pushing Chinese teams toward algorithm–hardware co‑design to stretch limited resources.
  • A CNA/Project Syndicate commentary argues China’s overcapacity and buildout of EVs, drones, robots, and ‘vehicle‑road‑cloud’ systems gives it an edge in deploying AI and gathering real‑world data.