Alice Han

Thank you. after the next party Congress when there is more of a mandate from the leadership in China. And I don't think it's an invasion. I think it will be a salami-slicing quarantine move in which they use the Chinese Navy and Coastal Guard to block off exports going into Taiwan to test American resolve. I think that that's how it starts.

But again, we'll be largely dependent on Trump's reaction function. I think China is going to be reactive rather than proactive on this front. Again, it goes back to whether or not Trump can keep his hawks in line and if his agenda for a big, beautiful deal ultimately operates.

But again, we'll be largely dependent on Trump's reaction function. I think China is going to be reactive rather than proactive on this front. Again, it goes back to whether or not Trump can keep his hawks in line and if his agenda for a big, beautiful deal ultimately operates.

But again, we'll be largely dependent on Trump's reaction function. I think China is going to be reactive rather than proactive on this front. Again, it goes back to whether or not Trump can keep his hawks in line and if his agenda for a big, beautiful deal ultimately operates.

Well, firstly, and according to the sort of technical evaluations of this, when they test against the benchmarks, they perform extremely well. And that's where you get the argument that they're performing across these benchmarks better than OpenAI and 27 times cheaper. Now, whether or not it did cost the amount that they reported remains in question. I'm a little bit skeptical myself.

Well, firstly, and according to the sort of technical evaluations of this, when they test against the benchmarks, they perform extremely well. And that's where you get the argument that they're performing across these benchmarks better than OpenAI and 27 times cheaper. Now, whether or not it did cost the amount that they reported remains in question. I'm a little bit skeptical myself.

Well, firstly, and according to the sort of technical evaluations of this, when they test against the benchmarks, they perform extremely well. And that's where you get the argument that they're performing across these benchmarks better than OpenAI and 27 times cheaper. Now, whether or not it did cost the amount that they reported remains in question. I'm a little bit skeptical myself.

But certainly, I think it is a story of China having good enough applications of technology on the hardware side, meaning that it has good enough chip alternatives. It's stockpiled on a lot of H20s, Nvidia low-end chips, to basically create a good enough model.

But certainly, I think it is a story of China having good enough applications of technology on the hardware side, meaning that it has good enough chip alternatives. It's stockpiled on a lot of H20s, Nvidia low-end chips, to basically create a good enough model.

But certainly, I think it is a story of China having good enough applications of technology on the hardware side, meaning that it has good enough chip alternatives. It's stockpiled on a lot of H20s, Nvidia low-end chips, to basically create a good enough model.

I do sense that, and this is where you talk to technical experts in the AI sphere, and they tell you that in real-world applications, it might not be as good as open AI. For the benchmarks testing, it is doing extremely well, but if you open up the parameters, it might not be as effective as the open AI or US models are.

I do sense that, and this is where you talk to technical experts in the AI sphere, and they tell you that in real-world applications, it might not be as good as open AI. For the benchmarks testing, it is doing extremely well, but if you open up the parameters, it might not be as effective as the open AI or US models are.

I do sense that, and this is where you talk to technical experts in the AI sphere, and they tell you that in real-world applications, it might not be as good as open AI. For the benchmarks testing, it is doing extremely well, but if you open up the parameters, it might not be as effective as the open AI or US models are.

Secondly, what I would say is that there is a broader race here, and this is why you've seen some of these CEOs Satya Nadell, for instance, talked about the Jevons paradox. I think this is creating more opportunities for these US tech companies to double down and increase their capex on hyperscaling and data center development because they understand that there will be more demand.

Secondly, what I would say is that there is a broader race here, and this is why you've seen some of these CEOs Satya Nadell, for instance, talked about the Jevons paradox. I think this is creating more opportunities for these US tech companies to double down and increase their capex on hyperscaling and data center development because they understand that there will be more demand.

Secondly, what I would say is that there is a broader race here, and this is why you've seen some of these CEOs Satya Nadell, for instance, talked about the Jevons paradox. I think this is creating more opportunities for these US tech companies to double down and increase their capex on hyperscaling and data center development because they understand that there will be more demand.

And this effectively will, I think, increase the likelihood that the race to AGI led by the US will will be won by the U.S. and faster. Artificial general intelligence, a point in which basically computers seem more intelligent than human beings.

And this effectively will, I think, increase the likelihood that the race to AGI led by the US will will be won by the U.S. and faster. Artificial general intelligence, a point in which basically computers seem more intelligent than human beings.

And this effectively will, I think, increase the likelihood that the race to AGI led by the US will will be won by the U.S. and faster. Artificial general intelligence, a point in which basically computers seem more intelligent than human beings.

That is a place where I don't think China has shown that it is as competitive as the U.S., and so I think it remains to be seen the ultimate implications, but I generally favor the U.S. in this AI race. I do think that China will be faster to commercialize a lot of these AI applications. It's already doing it in embodied AI, robotics, for instance, autonomous vehicles.