The rise of China’s hottest new commodity: AI tokens
Chinese AI models made by groups such as DeepSeek and MiniMax have overtaken US rivals in token consumption
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The US may be running the wrong AI race
China’s favouring of small and cheap models such as DeepSeek could prove to be the better bet
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Tencent and Alibaba left behind as investors focus on pure AI plays
China’s open-source AI is a national advantage
The models are akin to studying together to ace a test instead of relying on individual knowledge
DeepSeek to release long-awaited AI model in new challenge to US rivals
Chinese AI group has worked with Huawei to cut reliance on Nvidia chips
Investors bet on Chinese companies powering global AI build-out
Companies such as battery maker CATL earn big margins on export sales despite US tariffs
How China could pull ahead in the AI race
It has the advantage on both energy and practical application