China’s next DeepSeek moment could come from a group of AI chipmaking 'dragons'

CNBC
2026.01.28 13:00
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China is rapidly advancing its home-grown AI chip industry, with four startups—Moore Threads, MetaX, Biren, and Enflame—going public or filing to do so. This move aligns with Beijing's strategy to reduce reliance on U.S. technology. Huawei aims to overtake Nvidia within three years, leveraging its telecom experience. Despite still lagging behind U.S. firms, the performance gap is narrowing. China's significant growth in electricity generation also positions it favorably in the AI race, as noted by Elon Musk.