UBS and JPMorgan reports show Chinese AI models cost up to 50x less per token than US rivals, driving 60% of companies to migrate workloads to cheaper

The report titled "Semiquincententacles: The US Grip on Global Markets," said growing cost pressures are prompting businesses to reconsider their dependence on premium AI models…

Chinese open-source AI models from DeepSeek and Alibaba's Qwen are matching US frontier capabilities at lower cost, capturing 30% of global AI model usage.