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
Published: (January 13, 2026 at 02:15 PM EST)
1 min read
Source: Tom's Hardware
Source: Tom’s Hardware
China’s AI sector IPO surge
China’s AI sector made a splash this month as a cluster of domestic AI firms raised more than $1 billion through IPOs in Hong Kong.