Konstantin F. Pilz(@KonstantinPilz):Excellent report by @rhodium_group Some highlights: * Chinese AI capex this year estimated at $140B. Compare that to $800B US big five AI capex this year. * Leading US AI companies make more than 10x more revenue than leading Chinese AI companies. * Chinese AI companies have substantially lower gross margins compared to US AI companies (despite being able to free-ride on US progress through adversarial distillation) There's a lot of great research to be done to better understand the business models of US vs Chinese AI companies, including revenue sources, addressable market, and funding sources.

2026.09.18 15:04

Excellent report by @rhodium_group Some highlights: * Chinese AI capex this year estimated at $140B. Compare that to $800B US big five AI capex this year. * Leading US AI companies make more than 10x more revenue than leading Chinese AI companies. * Chinese AI companies have substantially lower gross margins compared to US AI companies (despite being able to free-ride on US progress through adversarial distillation) There's a lot of great research to be done to better understand the business models of US vs Chinese AI companies, including revenue sources, addressable market, and funding sources.