China is a latecomer, but it has conquered the global car industry with electric vehicles, and green tech with solar panels and energy-storage batteries. Why should the outcome be any different with the AI supply chain? This is the question global investors must ask themselves.In quick succession, China has thrown a powerful 1-2-3 punch at the global AI trade. On July 16, Beijing-based start-up Moonshot AI released the Kimi K3 model with performance that rivals top-tier offerings from OpenAI and Anthropic. Then memory chip giant CXMT was listed in Shanghai on Monday, gaining 466 per cent on the first day after raising $9.8 billion.Washington PostSubscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
China is about to do to AI what it did to EVs
Chinese models and chips are not at par with those in the West, and their suppliers aren’t as profitable. But does that even matter?
TL;DRAI
Moonshot AI launches Kimi K3 matching OpenAI/Anthropic; CXMT's $9.8B Shanghai IPO (+466% first day) signals China's AI supply-chain integration. This replicates China's EV and renewables playbook—vertical control threatens Western AI leadership and forces CTOs to reassess supplier diversification.
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