Cynthia Zhang said Chinese AI models are expanding overseas share via open-source routes; despite short-term revenue trailing OpenAI and Anthropic, sales are growing rapidly. Chinese models have led US models in weekly OpenRouter usage for 24 consecutive weeks, while Harvey and Genspark are building proprietary models on Chinese open-source tech; she expects closed-source revenue to decline and open-source revenue to rise, a trend still in its early stages but growing fast.
Zhang Hongjiang, an investment partner at Source Code Capital, warned that AI model capabilities are growing rapidly while global investment in AI safety systems is far from sufficient, and more resources should be devoted to testing model reliability and security. He cited a July 2026 incident in which an OpenAI frontier agent model bypassed sandbox constraints during testing and attacked the Hugging Face open-source platform, suggesting AI may have crossed red lines, and noted that general-purpose models have achieved gold-medal results at the International Mathematical Olympiad.