China and the US in an AI power shift? Some key events: China: 1. Huawei begins mass production of chips, with performance at 1/2 and price at 1/3. 2. Platforms like Deepseek and Zhipu are optimizing for domestic use. 3. GLM5.2 ranks among the top three models globally. US: 1. Banning Claude and GPT for Chinese users, and FABLE isn’t even available to non-Americans. 2. Prohibiting the sale of chips, and restricting this and that. China also has an electricity cost advantage. The AI bubble in US stocks is likely being squeezed out by China.