Hi all, Over the past week, I have been in China with Hannah Petrovic, meeting AI and robotics teams including Zhipu and MiniMax (the two publicly listed foundation model companies), as well as Kimi, Alibaba, Xiaomi, Bytedance and others. Demand is booming. Zhipu, for example, is serving 5.5 trillion tokens per day. Developers are rushing to the platform, joining at about ten a minute. Keeping up with inference loads is a struggle in China, as it is in the US.