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China’s AI sector made a splash this month as a cluster of domestic AI firms raised more than $1 billion through IPOs in Hong Kong. While these listings were undoubtedly meant to signal confidence, they triggered an unusually candid round of warnings from inside China’s own AI industry that the gap with the U.S. is widening in ways that fresh capital cannot easily fix.
According to reporting by Bloomberg, Justin Lin, head of Alibaba Group’s…

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