Is China overtaking the U.S. in AI?

Wall Street has been stunned. A Chinese quantitative hedge fund fueled a massive selloff of tech stocks, not with quant trading, but with the release of its large-language model, DeepSeek R1. How could a Chinese hedge fund trigger such a shockwave in the AI sector? How may it reshape AI-related industries? Does it signal an acceleration of China catching up or surpassing the U.S. in AI? And is it heralding the crumbling of the U.S. “small yard and high fence” strategy against China? Host Tu Yun joins Prof. Toby Walsh, Chief Scientist from the AI Institute, University of New South Wales, Australia, Andy Mok, a Senior Research Fellow at the Center for China and Globalization, and Chen Jiahe, the Chief Investment Officer of Beijing-based Novem Arcae Technologies for a close look at the issue on this episode of Chat Lounge.