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– China's AI sector experiences a surge in product announcements driven by generative AI excitement.

– Over 130 large language models (LLMs) now exist in China, accounting for 40% of the global total.

– Investors and analysts express concerns about unsustainable business models and rising costs.

– Tensions between China and the U.S. add to uncertainties in the AI market.

– Expectations of consolidation and price competition among AI players.

– Some experts predict that only two to three general-purpose LLMs will dominate.

– Leading entrepreneurs and tech executives enter the AI startup arena.

– Established tech giants like Alibaba and Tencent hold an advantage with their user bases.

– Investors reconsider early hype in the AI sector.

– The battle for AI supremacy in China intensifies, with the outcome unclear.