Qwen boss says Chinese AI models have 'less than 20%' chance of leapfrogging Western counterparts — despite China's $1 billion AI IPO week, capital can't close the gap alone from Latest from Tom's Hardware on 2026-01-13 19:15 (#72SZM) China's AI sector made a splash this month as a cluster of domestic AI firms raised more than $1 billion through IPOs in Hong Kong.