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Alice Han and James Kynge break down Xi Jinping's pitch at the World AI Conference in Shanghai: free, open-source Chinese AI models for developing nations shut out by expensive U.S. systems. They dig into WAICO, the new 29-member intergovernmental AI organization China just launched, how it echoes (and diverges from) the Belt and Road and Digital Silk Road playbooks, and whether China's open-source generosity can actually last. Then: mathematicians Yu Deng and Hong Wang just became the first two Chinese nationals to win a Fields Medal in the same year — only the second and third Chinese nationals ever to win math's highest honor. Alice and James discuss why it's being celebrated as a…