India, July 30 -- For years, the artificial intelligence (AI) industry globally has been stuck in a peculiar cycle. A Chinese AI company announces a new model. Of course, powerful and capable. Silicon Valley reacts in disbelief. And scrambles to find ways to blunt the reaction. This isn't a one time thing. It seems to happen more than once, every quarter. No surprise then, that the American AI companies are now trying to put up a brave front. And they can't seem to get that right, either. A new powerful AI model (or two, or three) from China is no longer an anomaly.

For years, we've seen the trajectory. I'll give the AI companies and industry watchers the benefit of being surprised and shocked when DeepSeek made their leap early last yea...