The Chinese modelers, for lack of unlimited venture capital, have had to find better ways to solve the problems. Their use of different algorithms allows them to deliver nearly similar results for much less money.

There is also a difference in attitude. Where U.S. financiers like Larry Ellison are striving for some god-like general artificial intelligence, the Chinese (and some European) developers and financiers are much more interested in solving real world (industry) problems.

...

An abundance of resources has allowed U.S. model developers to build huge, very capable, but enormously expensive general AI models. Those companies have yet to find use cases that will pay for the cost of running these models.

The US built a massive offroading luxury SUV when what peopld wanted was a scooter...

facepalm

Note: I am under no illusion about China being perfect, amazing or better, but this article makes some good points about the narrowness and groupthink of "Western" AI Companies.