What China lacks is a mature VC ecosystem—investors who both understand high-risk projects and are willing to fund them. The true outlier isn’t DeepSeek itself, but the hedge fund billionaire who chose to back it.
What do you think defines the American innovation system? It is driven by neither government-led efforts nor large corporations. When ChatGPT disrupted the world, it emerged from a relatively unknown organization primarily funded by a wealthy individual. My takeaway from the DeepSeek event is that China still has a viable innovation system, even though funding is largely controlled by the government and major corporations. This is truly encouraging and exciting.
What China lacks is a mature VC ecosystem—investors who both understand high-risk projects and are willing to fund them. The true outlier isn’t DeepSeek itself, but the hedge fund billionaire who chose to back it.
What do you think defines the American innovation system? It is driven by neither government-led efforts nor large corporations. When ChatGPT disrupted the world, it emerged from a relatively unknown organization primarily funded by a wealthy individual. My takeaway from the DeepSeek event is that China still has a viable innovation system, even though funding is largely controlled by the government and major corporations. This is truly encouraging and exciting.