It’s a completely different situation in China. This tech is being treated as open source commodity similar to Linux, and companies aren’t trying to monetize it directly. There’s no crazy investment bonanza happening in China either. Companies like DeepSeek are developing this tech on fairly modest budgets, and they’re already starting to make money https://www.cnbc.com/2025/07/30/cnbcs-the-china-connection-newsletter-chinese-ai-companies-make-money.html