Nobel laureate Spencer: More and more open-source large models, the AI gap between China and the US is narrowing rapidly.

Michael Spence, winner of the 2001 Nobel Prize in Economics, said at the recent 2025 Tsinghua Wudaokou Global Finance Forum that there are two aspects of the development of AI this year that are of particular interest. First, there are more and more open-source AI models, especially the emergence of DeepSeek and other large models in China. Second, the gap between China and the United States is rapidly narrowing. Spence stated that now, both China and the United States have many companies researching small models that rely on large models but are more affordable to use. These new developments are very important and have a positive impact on the global economy.