China achieves AI application parity with US by 2025

DeepSeek V3/R1 demonstrated China can build frontier-competitive models at lower cost. Chinese consumer AI apps (Doubao, Kimi, Ernie) have massive domestic adoption. However, the US still leads in enterprise AI deployment, global market share, compute infrastructure (NVIDIA supply chain), and research talent pipelines. Parity in applications but not in ecosystem breadth.