China AI Digest (Apr 26, 2026)

Three podcasts, one thesis: the old AI playbook is dead. AI Weekly Talk’s Magnificent Seven series turns to Google, arguing the three-year stock crash since the Bard demo flop was the largest collective misjudgement of the modern capital market — and that Google’s three deep moats (TPU silicon, four owned distribution channels, and a decade of DeepMind research) are now coming due, with Anthropic’s one-million-TPU order rewriting Google Cloud’s valuation. Zhang Xiaoyun’s three-and-a-half-hour interview with Xiaomi large-model lead Luo Fuli (formerly DeepSeek, Alibaba DAMO) lays out the pivot from Pre-train to Post-train, the chip-allocation ratio flipping from 3:5:1 to 3:1:1 or 1:1, and the claim that the next two to three months decide who leads the Agent era. Dafang Says AI+ asks why AI voice recorders are a quiet bestseller while AI Pin and Rabbit R1 die — and answers: capture-layer hardware that solves real problems beats novelty every time.