China leads the US in deploying AI applications for everyday use, though experts caution that Chinese AI firms appear overvalued. The gap in frontier AI model capabilities is narrowing.

China holds an edge over the US when it comes to getting artificial intelligence applications into the hands of everyday users, according to tech executives and investors, though they warn that Chinese AI firms are looking increasingly overvalued. China still lagged in computing power but was only “100 days behind” the US in frontier AI model capabilities, according to Chi Zhang, general manager of finance industry at the Alibaba Cloud Intelligence Group, speaking on Thursday at the 2026 HKEX...