China’s open-weight AI exposes the fiction behind Wall Street’s boom - MR Online
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In July, free software from China set off the worst week for U.S. chip stocks in over a year and briefly cost Nvidia its place as the world’s most valuable company. Wall Street panicked because Chinese firms had matched the leading U.S. artificial intelligence systems. But the selloff exposed something deeper. The AI boom rests

Visitors gather at Moonshot AI’s Kimi exhibit during the World Artificial Intelligence Conference in Shanghai. China’s open-weight models are challenging the monopoly profits built into Wall Street’s AI boom.

In July, free software from China set off the worst week for U.S. chip stocks in over a year and briefly cost Nvidia its place as the world’s most valuable company. Wall Street panicked because Chinese firms had matched the leading U.S. artificial intelligence systems. But the selloff exposed something deeper. The AI boom rests […]

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