GIC Says Chinese AI Models Will Cut Global Adoption Costs as $1tn US Valuations Face Pressure
Updated
Updated · Financial Times · Jul 23
GIC Says Chinese AI Models Will Cut Global Adoption Costs as $1tn US Valuations Face Pressure
3 articles · Updated · Financial Times · Jul 23
Summary
Bryan Yeo said GIC sees Chinese open-weight models as a net positive because lower model costs should speed AI adoption across companies and industries worldwide.
Chinese launches from Moonshot and DeepSeek have narrowed the perceived US-China gap in frontier AI, raising competition for closed-model leaders such as OpenAI and Anthropic.
That cheaper supply could challenge investor assumptions behind near-$1tn valuations for top US AI groups, though Yeo declined to say whether Chinese models directly threaten them.
Washington has taken a harder line: Trump science adviser Michael Kratsios said Wednesday that Moonshot’s latest model was distilled from Anthropic and called such practices unacceptable.
GIC has made AI central to its strategy, leading Anthropic’s $30bn funding round in February while saying it remains cautious on Chinese AI start-ups’ ability to sustain R&D spending.