Core Viewpoint - The CEO of Zhipu, Zhang Peng, highlighted the challenges faced by the AI industry in China, contrasting it with the subscription model of ChatGPT in the U.S. where users are willing to pay $20 per month, which is not feasible in China [1] Industry Summary - The AI industry in China is characterized by intense competition, with numerous new entrants struggling to gain a foothold [1] - Companies in the Chinese AI sector are resorting to strategies such as subsidizing services and attracting users through free offerings, leading to a situation where users benefit without paying [1]