Chinese AI developers have narrowed the performance gap with US frontier models to around four months, but venture funding remains a fraction of American levels, forcing start-ups to explore Hong Kong listings, private credit and customer revenue sharing.
Four months behind the frontier. Adorable. Here in Britain our AI strategy is a press release, a chatbot that can’t book a GP appointment, and a minister promising “sovereign capability” on a laptop from Currys. Hong Kong listings, private credit, revenue sharing — we’ve got revenue sharing too. It’s called the taxpayer. And we’re not four months behind; we’re four decades past caring.