Like, what would your advice be, uh, for a new frontier lab that sets up in China?

I don't think we are going to see a lot of the new frontier lab.

Um, right now I think the-- we are getting into the era where the...

Well, I mean, if you see that new Coin27B, it's a amazingly capable models.

I've been testing it for the past, since it released, probably two, three weeks.

It's now that my...

It's now the, my, the token source for my, um, for my Hermes, for, for the agent I'm using for most of the time.

Right on.

Mm-hmm.

Um, that means the, you can pretty much hack it.

Um, and the, it's not...

I mean, the, the adaption of the toy will be very, uh, culturally dependent.

Uh, the, and small group is taking the, is making the things which reacting to, uh, their own group, uh, anywhere from, uh, very to...

So, I mean, the spectrum of things, I mean, the spectrum of things we are, are getting stuck with the, uh, the talking thing.

I mean, the talking thing, if you think about the circuitry, it's a mic, a speaker, uh, a chip which connecting to Wi-Fi, and whatever large language model or these days an agent you are connecting to.

If you were advising one of these, um, you know, new model labs, um, what would your advice be? Like what, you know, do you advise them to go after the US market or to release an open source model or to go after revenue from clients in China first? Like what would your advice be, uh, for a new frontier lab that sets up in China?

That's where you're located.

It turns out, A, there isn't a clear boundary of that zone.

We were like, "How come we end up in a civil military zone?" The answer is, we didn't.

The zone, we have neighbors, like American companies, like, uh, uh, European companies next to us.

So it's, it's, it's almost like, for lack of a better analogy, just because Pentagon is in Virginia, you think that Virginia is a place, uh, full of military.

Anybody operating in the state of Virginia becomes military.

This is from a university competition in 2023.

Yeah.

That's where you're located.

It turns out, A, there isn't a clear boundary of that zone.

We were like, "How come we end up in a civil military zone?" The answer is, we didn't.

The zone, we have neighbors, like American companies, like, uh, uh, European companies next to us.

So it's, it's, it's almost like, for lack of a better analogy, just because Pentagon is in Virginia, you think that Virginia is a place, uh, full of military.

Anybody operating in the state of Virginia becomes military.

This is from a university competition in 2023.

Yeah.

So, what should the government do to boost growth?

The simple, simple solution which I've been proposing, and most economists agree, is that to increase, uh, massively public debt.

I'm talking about central government debt.

The central government debt is just around twenty-six percent of GDP, two six, as compared with Germany's one hundred and eleven, US one hundred and twenty.

And meanwhile, let's don't forget, the Chinese central government is by far the richest, the wealthiest central government in the world, having about easily eighty to ninety percent of GDP in the amount of state-owned enterprises.

So I think the policy has tremendous room in China to be more aggressive, to be more proactive.

time.Do you think that success story is going to continue, or are we looking at a new era for the Chinese economy, which is going to be more difficult?

To give you a very simple answer, yes, the so-called economic miracle that is rapid growth and also rapid technological upward will continue.