China's tech rally is being tested as as investors question whether AI profits can justify lofty valuations.
Google, Microsoft and Amazon face investor pressure to justify massive AI spending as earnings loom, with questions over costs, profits and future returns.
China’s new AI export curbs could keep models and technology onshore while allowing overseas access through cloud platforms.
The key challenge for China will be to convert rising AI investment into productivity gains, stronger earnings and broader economic demand
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