**News Flash: China’s AI Models Closing the Gap with US**

China's AI models are catching up with the US, says Kai-Fu Lee, former Google China president. Speaking at the AVCJ Private Equity Forum, Lee noted that while Chinese AI models lag US counterparts by 6-9 months, they could soon surpass them in adoption.

- **AI App Boom**: Lee predicts a surge in Chinese AI apps by early next year, potentially outpacing the US.

- **Tech Giants Invest**: Alibaba and Tencent are heavily investing in AI, with Tencent's "Hunyuan" model integrated across its services.

- **New Devices Needed**: Lee believes future AI will require new, always-on devices, beyond current smartphones.

Stay tuned as China’s AI landscape evolves rapidly!