Qwen boss says Chinese AI models have 'less than 20%' chance of leapfrogging Western counterparts — despite China's $1 billion AI IPO week, capital can't close the gap alone
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Verdict: Despite recent IPO success, a Qwen executive estimates Chinese AI models have a low chance of surpassing Western counterparts due to factors beyond capital investment.
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⚡ Quick Hits
* Chinese AI firms recently raised over $1 billion through IPOs in Hong Kong.
* A Qwen executive believes Chinese