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ChinaTalk
Deep Tech VC On AI, Chips, and US-China Competition
Sep 30, 2023
Noah Smith and Matt Klein, economists and Substack writers, delve into the intricate dynamics of the Chinese economy and its global ramifications. They discuss Huawei's breakthroughs and the hurdles faced by China's AI companies. The conversation touches on the semiconductor industry's challenges and how they mirror the struggles of AI startups. They even explore unique analogies, like pizza machines, to illuminate AI's impact on the labor market. With insights on investing in deep tech, they highlight the raw talent pool and the multifaceted risks involved.
01:07:20
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Quick takeaways
- The difficulty in creating a useful domestic AI chip due to breakthrough implications of Huawei and NVIDIA's CUDA technology.
- The underperformance of China's AI companies compared to expectations.
Deep dives
The Chinese economy's slowdown and pandemic impact
The podcast episode discusses two main perspectives on the Chinese economy: the long-term structural slowdown and the short-term impact of the pandemic. The Chinese economy has been gradually slowing down since 2010, reaching a growth rate of around 6-7%. The pandemic further disrupted the economy, with lockdowns and restrictions initially showing some success in curbing the virus. However, the situation worsened as the virus mutated, leading to more repression and economic challenges. Despite high hopes for a rebound, the economy has not seen the expected growth, raising concerns both domestically and globally.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode