The New AI Winners: Picks and Shovels

SALE: We’re offering your first month of The Wire China for just one dollar. More details below!Move over, DeepSeek and Minimax. Investors are flocking to a new set of AI winners: the Chinese manufacturers making circuit boards and other components that keep the world's AI models humming along. In this episode, reporters Rachel Cheung and Savannah Billman discuss the growing importance of these so-called 'pick and shovel' makers and where the money is flowing within China's AI ecosystem. The AI industry is fraught with risk for developers and investors, but the manufacturers will win no matter which LLM comes out on top.Start your subscription to The Wire China today! We’re making it easy with your first month for just one dollar. Sign up for our free newsletter below and we’ll send you the discount code to apply at checkout. Subscribe to our free newsletter: www.thewirechina.com/newsletter/ Follow us on social media:x.com/thewirechinabsky.app/profile/thewirechina.bsky.socialwww.linkedin.com/company/thewirechinawww.instagram.com/thewirechina/?hl=en