Elon Musk

And Google's, you talked about the TPUs.

It's an interesting strategic move by Alibaba because they're deciding that they do want to go ahead and spin off that chip unit, see if they can give it some independence, give some ownership to the employees so that they'll have a motivation to be able to be competitive.

But then they have a very big market to address here, and they have some very significant competitors in China and, of course, beyond China, too.

More Threads Technologies just listed, CameraCon Technologies.

Briefly, Peter, the context of the support from China on this.

Well, this is national policy, as we've talked about a number of times before.

The U.S.

has cut off Nvidia from selling its most advanced chips into China.

In Beijing, that seems a very serious threat.

They want to have some domestic alternatives to that.

So they have a number of domestic players that are coming on strong.

Huawei is leading the way.

CameraCon is probably second.

CameraCon is unknown in the West, really, but it's an $80 billion company.

They're doing quite well.

And so companies like Alibaba and MoreThreads and some of the other small players see a golden opportunity here.

If they can develop the technology for these AI chips, they're going to have a very vibrant domestic market.

The idea that China is behind in AI is a fairy tale.

Those are the words from Arthur Mensch, CEO of Mistral AI, Europe's only large language model player.

He spoke with Bloomberg's Germano Bissetchi in Davos, and he also weighed in on whether European companies stand to benefit from enterprises looking to move away from U.S.