The drive for AI monetisation among Chinese tech companies has become a battle over “delivering measurable business value” rather than raw technical performance, according to Alex Yao, head of China equity research at JPMorgan.China’s AI landscape was rapidly consolidating from a fragmented “hundred-model” battle down to a smaller group of globally competitive leading players, particularly those that could transform consumer-facing features into reliable enterprise-grade infrastructure, Yao said in a recent interview with the South China Morning Post.Although Chinese AI models still lagged slightly behind top-tier US counterparts on certain performance metrics, Yao said this gap was not the decisive factor…