CNBC reports that Goldman Sachs has told clients its three preferred Chinese AI model makers: Zhipu, listed in Hong Kong, plus privately held DeepSeek and ByteDance. Analysts ranked the models on time to market, Arena score, valuation and pricing, with ByteDance leading on video generation and Zhipu's GLM and DeepSeek generally ahead of Alibaba, Tencent and Minimax. Beyond individual picks, Goldman urged institutional clients to trim exposure to South Korean AI assets and pivot toward China's broader AI value chain. The call lands as US companies reportedly send a growing share of their AI usage to Chinese models, slowly eroding the assumption that the strongest models all ship from San Francisco.