The global AI race has entered a new phase, and China has the cost advantage: Brookings Institution

The video's title states that the global AI race has entered a new phase and that China has a cost advantage. Chan, who is identified as being with the Brookings Institution, discusses the competitive dynamics of AI development.

Chan says in the video that Chinese AI models could gain ground by offering greater value at lower cost, even if they lag US rivals at the frontier. He also explains that Chinese AI companies are finding new ways to monetize open-source models. The video does not name specific Chinese companies or models, and it does not cite specific financial figures.

According to the video's framing, the 'new phase' of the AI race involves factors beyond frontier capability, including pricing and monetization of open-source software. Chan's comments suggest that a country or company does not need to lead at the frontier to be competitive; cost-effectiveness can be a path to market relevance. The Brookings Institution is a research organization, and the views expressed are Chan's own.