The model has no competitive moat
Only who can iterate faster
From this perspective, Chinese teams have lower costs, can endure longer nights, and will win
From an investment perspective, investing in large models is gambling
Can only invest in:
Entry-level like Tencent, GOOGLE
Underlying level like NVIDIA, TSMC
Only who can iterate faster
From this perspective, Chinese teams have lower costs, can endure longer nights, and will win
From an investment perspective, investing in large models is gambling
Can only invest in:
Entry-level like Tencent, GOOGLE
Underlying level like NVIDIA, TSMC