China
8 entries between July 2017 and August 2026, 3 turning points.
Turning points
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Nvidia loses $589 billion in a day after DeepSeek’s R1
Investors sold AI-linked technology stocks on 27 January 2025 after DeepSeek’s R1 raised doubts about future demand for high-end AI chips. Nvidia fell about 17 percent and shed roughly $589 billion in market value in one session. The Nasdaq Composite fell more than 3 percent.
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The US restricts advanced chip exports to China
The US Bureau of Industry and Security issued an interim final rule on 7 October 2022 restricting exports to China of advanced computing chips, chip-making equipment, and related technology. Its provisions took effect in stages on 7, 12, and 21 October.
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China’s State Council issues a national AI plan to 2030
China’s State Council issued the New Generation Artificial Intelligence Development Plan, a three-stage roadmap to 2030 covering theory, technology, industry and military-civil integration, with the stated aim of making China the world’s leading center of AI innovation.
Every entry
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Alibaba announces Qwen3.8-Max, its largest model to date
Alibaba announced Qwen3.8-Max on 3 August 2026 with 2.4 trillion parameters, about 95 billion active at a time through a sparse mixture of experts, a context window up to 1 million tokens, and native text, image and video input. Weights were scheduled to follow a week later.
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DeepSeek releases V4-Flash for general availability
DeepSeek made deepseek-v4-flash generally available on 31 July 2026, reporting that it substantially exceeded the V4-Pro-Preview across nine agent benchmarks on the same architecture, with the gains from further post-training. Pricing held at $0.14 and $0.28 per million tokens.
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Nvidia loses $589 billion in a day after DeepSeek’s R1
Investors sold AI-linked technology stocks on 27 January 2025 after DeepSeek’s R1 raised doubts about future demand for high-end AI chips. Nvidia fell about 17 percent and shed roughly $589 billion in market value in one session. The Nasdaq Composite fell more than 3 percent.
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DeepSeek releases R1, an open-weight reasoning model
The Chinese laboratory DeepSeek released R1 on 20 January 2025, an open-weight model trained with reinforcement learning to work through problems step by step. It matched OpenAI’s o1 on several benchmarks at a small fraction of the reported training and inference cost.
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The US restricts advanced chip exports to China
The US Bureau of Industry and Security issued an interim final rule on 7 October 2022 restricting exports to China of advanced computing chips, chip-making equipment, and related technology. Its provisions took effect in stages on 7, 12, and 21 October.
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BAAI unveils Wu Dao 2.0, a 1.75-trillion-parameter model
The Beijing Academy of Artificial Intelligence unveiled Wu Dao 2.0 on 1 June 2021, a multimodal pretrained model it said used 1.75 trillion parameters, about ten times the count in GPT-3. BAAI said it trained on 1.2 terabytes of English and Chinese text.
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National Security Commission delivers its final AI report
The National Security Commission on Artificial Intelligence, chaired by Eric Schmidt with vice chair Robert Work, delivered a final report of more than 700 pages to Congress on 1 March 2021, arguing the United States was not prepared to compete with China on AI.
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China’s State Council issues a national AI plan to 2030
China’s State Council issued the New Generation Artificial Intelligence Development Plan, a three-stage roadmap to 2030 covering theory, technology, industry and military-civil integration, with the stated aim of making China the world’s leading center of AI innovation.