Relevant, I would definitely be sleeping uneasy if I was at “Open”AI. Some insist that Chinese models are a few generations behind, how many probably depends more on patriotism rather than fact. Those people typically also insist that Chinese models are just distillations and often neglect to see how many of these companies contribute to the theory of designing efficient and capable models. It is somehow thought that…
Thing is, China has the same problems as OAI. Just looks at these two startups, they are one of the first LLM corpos where we have some actual numbers from accounting and not BS from marketing department or Sam's xitter. The situation looks dire. https://imgshare.cc/wzw6jzm5
PRC pureplay AI only companies has same problems as openAI, that's not the same as huge tech companies like Baidu or Alibaba or Tencent (i.e. Google/Microsoft tier) who can afford to lose money on AI. And ultimately they are also not sinking 100s of billions in capex, they can't even if they tried due to sanctions. Their financial exposure is magnitude less, i.e. it matters if you're losing 500m a year vs 5 billion per year especially as systemic economic contagion risk - PRC and US bubble sizes as % of economy not the same.