Prof G Markets How China Wins The AI War
148 snips
May 7, 2026 
Alice Han, a Greenmantle director and China analyst, maps the AI showdown between China and the U.S. She digs into DeepSeek’s $50B valuation. She compares Huawei’s chips with Nvidia’s China-safe options. She also explores where each country leads across the AI stack, why the race now feels tied to national security, and why AI’s convenience may be reshaping how we think.
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Why DeepSeek Looks Cheap At $50 Billion
- DeepSeek’s $50B target looks low by U.S. standards, but Alice Han says Chinese capital markets and state-led funding produce much lower tech valuations.
- She ties the story to DeepSeek V4 reaching a 1 million token context window, while warning future progress hinges on chip access.
Huawei Is Strong Enough To Threaten Nvidia In China
- Huawei now beats Nvidia’s China-legal H20 on inference, but still trails Nvidia’s top H200 and Rubin chips.
- Alice Han says Beijing accepts weaker near-term performance to build a domestic stack, though chip output remains the immediate bottleneck.
The AI Race Is A Five Layer Cake
- Alice Han frames the AI race as a five-layer cake spanning rare earths, energy, data centers, models, and applications.
- China leads upstream in minerals and electricity, while the U.S. leads in data-center buildout and frontier models; applications remain contested.
