
Chips or not, Chinese AI pushes ahead
Live MintChinese technology companies cut off from the world’s most advanced chips for artificial-intelligence computing are rallying around an appealing message from industry pioneers: to make money, they might not necessarily need them. “Without applications," Li said at an AI industry conference last month, “having only foundational models, whether open source or closed source, is worthless." A recent KPMG report said AI investors in China in the second quarter “focused on AI-enablement rather than on LLM offerings," including in areas like robotics and improving workplace efficiencies. TikTok’s Chinese parent ByteDance, dubbed China’s “App Factory," has launched more than 20 apps, including a chatbot, an English tutor and a video creator powered by its in-house models. “It is important to figure out how we can achieve better results through engineering instead of blindly investing in computing power," 01.AI’s Lee said at the AI industry conference in China.
History of this topic

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Apple will work with Alibaba and Baidu to power iPhone AI features in China
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AI giants Baidu, OpenAI offer their chatbots for free in response to DeepSeek’s advance
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Anthropic CEO doubts DeepSeek's efficiency claims, says US needs to limit China’s access to all AI chips
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DeepSeek AI is the competition America needs
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Alibaba launches its own AI – and claims it is more powerful than DeepSeek
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Alibaba releases AI model it says surpasses DeepSeek
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