Though large language models (LLMs) built by Chinese tech firms lag modestly behind the capabilities of those made by US companies, investors aren’t necessarily approaching them as a plan B. Back in April, Trump imposed new trade restrictions on the sale of certain Nvidia AI chips to the People’s Republic. This included the H20 chip, which the company had previously nerfed for the Chinese market in order to appease US lawmakers. Beijing lawmakers soon retaliated by banning top tech companies from importing Nvidia chips, giving a huge boost to Chinese chip makers. More on China: Nvidia CEO Says China Is “Going to Win” the AI Race