China, China, China. Breaking Down China’s Tech Surge | BG2 w/ Bill Gurley and Brad Gerstner

Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, they dive deep into China’s explosive innovation across AI and EVs, the rise of open-source models, lessons for U.S. competitiveness, the real story on tariffs and trade—and what America must do to win the global tech race. Enjoy another episode of BG2! Timestamps: (00:00) Intro (01:20) OpenAI, Anthropic, Private Market Overheating (03:30) China's Role in the Global Tech Order (04:50) Why Bill Went to China (06:40) Dan Wang's Breakneck: Engineers vs Lawyers (10:30) Xiaomi, BYD, and Auto Innovation (14:00) Factory Productivity, Automation, and the Jobs Debate (15:20) Open Source Model Culture in China (19:30) Can the US Compete Without Reform? (23:30) Tariffs, Trade Deals, and a Path to Cooperation (28:00) Waymo, Baidu, and Cost Innovation (33:00) Is China Winning Global Trade? (36:30) Debunking the Subsidy Narrative (38:30) What the CEOs Who Visit China Actually Say (41:30) China's AI Ecosystem: DeepSeek, Qwen, Alibaba Cloud (44:00) Open Source in China and the US: Strategic Choices (48:00) VC Pullback from China & What's Still Happening on the Ground (53:00) China's New K-Visa vs US Skilled Immigration Policies (56:30) Gurley: Read Dan Wang’s Breakneck, Watch the Ground Game (01:03:00) VC Pullback from China Show Notes: Open Source Development in China https://merics.org/sites/default/files/2021-05/MERICS%20Primer%20Open%20Source%202021_0.pdf Lei Jun 2024 Annual Speech: https://www.youtube.com/live/l5f3wvLwLXY Produced by Dan Shevchuk Music by Yung Spielberg Available on Apple, Spotify, www.bg2pod.com Follow: Brad Gerstner @altcap https://x.com/altcap Bill Gurley @bgurley https://x.com/bgurley BG2 Pod @bg2pod https://x.com/BG2Pod