In this debut episode, we use Moore Threads — often dubbed "China's Nvidia" — as a lens to examine Beijing's push to build a domestic GPU ecosystem under sustained U.S. export controls. From the founding team's roots in global GPU networks, to the policy signals embedded in its Shanghai IPO, to its place within China's "four GPU dragons," this is a grounded briefing on how sanctions, industrial policy, and domestic capital markets are converging around AI hardware.

Rather than asking whether Moore Threads can beat Nvidia, we ask the more useful question: what share of China's AI workloads can realistically be served by domestic chips over the next decade — and how fast is that share growing? A useful starting point for capital allocators, operators building AI products in or with China, and anyone tracking how Beijing responds to long-term technology pressure.

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