Are Investors Underestimating China AI? Ft. Kevin Carter, EMXETFs
Summary
Kevin Carter of EMX ETFs discusses the launch of TGRZ, an ETF focused on China’s open-weight AI models, which offer lower costs and greater flexibility than US competitors. The episode explores the five-layer AI stack, the impact of DeepSeek’s low-cost model on market volatility, and the strategic advantages of Chinese tech firms. Carter also clarifies the context behind the 2020 Ant Group IPO halt and contrasts high public AI acceptance in China with growing skepticism in the US.
Topics discussed
Intro: Why Chinese AI models are gaining popularity
Episode overview and guest introduction
The process of launching an ETF via white-label platforms
The 5-layer AI stack and the 'Mag 3' infrastructure leaders
DeepSeek's launch, cost efficiency, and founder background
Open-weight vs closed-weight models and cost differences
US adoption of Chinese models and industry backlash
The Ant Group IPO and the 'China Tech Crackdown' context
Upcoming EMX ETFs covering different AI stack layers
Data centers in space vs. underwater: feasibility debate
Public perception of AI in China versus the US
Will AI eliminate jobs? Historical analogies and views
Closing remarks and resource links
Investment advice disclaimer
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