{
  "docId": "019dd923-5e88-73ef-bd5c-f812573a947a",
  "docSlug": "eea7524c557036f4",
  "documentTitle": "2020 Air Street Capital The State of AI Report 2020",
  "authorId": "AirStreetCapital",
  "authorName": "Air Street Capital",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "vc_research",
  "sourceTypeLabel": "VC research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.777,
  "pageNumber": 157,
  "pageCount": 177,
  "prevPage": 156,
  "nextPage": 158,
  "slideType": "industry_trends",
  "function": "establish_context",
  "density": "balanced",
  "nDataPoints": 6,
  "notes": "Includes a line chart comparing cumulative total returns of SMIC and TSM.",
  "elementsJson": [
    "headline_text",
    "bullet_list",
    "line_chart",
    "callout_box"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5c-f812573a947a/157",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5c-f812573a947a",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5c-f812573a947a.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5c-f812573a947a#slide-157",
  "components": [
    {
      "bbox": {
        "h": 0.05,
        "w": 0.96,
        "x": 0.02,
        "y": 0.28
      },
      "kind": "callout",
      "text": "China-listed chipmakers see their public market valuations soar in 2020. Cambricon goes public raising $370M.",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e5376613-26c0-47ef-b32f-10fc682bcdf7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.58,
        "x": 0.39,
        "y": 0.36
      },
      "kind": "chart",
      "text": "Cumulative total return of SMIC vs TSM from Oct 2019 to Jul 2020.",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "18ca9cdb-7305-4351-9152-8e109eefc38b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.45,
        "w": 0.38,
        "x": 0.02,
        "y": 0.36
      },
      "kind": "list",
      "text": "China is the world's largest importer of semiconductors, totalling $200B/year. New state fund is backed by the Ministry of Finance, China Development Bank, local government and state-owned enterprises. SMIC listed on the Shanghai STAR board.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "14f3d2ea-5ab8-4224-b195-eb60c6f84783",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Total Return (Cumulative): $29B",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-47c5-73ac-aa6f-f32283864ed7",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.12,
        "w": 0.96,
        "x": 0.02,
        "y": 0.14
      },
      "kind": "title",
      "text": "Chinese government sets up an additional $29B state-backed fund reduce its dependency on American semiconductor technology",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "0fc38ae8-f356-4b0f-b0c5-bbd6f555439c",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Audience Definition",
      "slug": "audience-definition",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "381985e4-6b71-4765-8a7c-2cd694a508ac",
      "evidence": "China is the world's largest importer of semiconductors, totalling $200B/year.",
      "confidence": 0.7
    },
    {
      "name": "Chart Selection Guide",
      "slug": "chart-selection-guide",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "cd44405a-6c79-48e3-8d70-44a2151ef64d",
      "evidence": "chart/line: Cumulative total return of SMIC vs TSM from Oct 2019 to Jul 2020.",
      "confidence": 0.7
    },
    {
      "name": "Concrete Language",
      "slug": "concrete-language",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "019dd95a-0fd5-7148-8ed0-5ee1dbf0bcb9",
      "evidence": "$29B Chinese fund / Cambricon $370M IPO.",
      "confidence": 75
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 170,
      "from": 130,
      "beatId": "019dd95a-0682-776c-8e34-f2fc34acb214",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Implications (So What)",
      "beatSlug": "triple-take-the-implications-so-what",
      "evidence": "Politics section unpacks ethical, geopolitical and labor consequences.",
      "position": 2,
      "confidence": 60,
      "parentBeatName": "Reflection",
      "parentBeatSlug": "reflection"
    },
    {
      "to": 170,
      "from": 130,
      "beatId": "019dd95a-0682-776c-8e35-01ef1d0aee03",
      "arcName": "The Mountain",
      "arcSlug": "mountain",
      "beatName": "Climax",
      "beatSlug": "mountain-climax",
      "evidence": "Politics section dramatises facial recognition, military, US/China conflicts.",
      "position": 3,
      "confidence": 40,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 160,
      "from": 153,
      "name": "Pattern Hunter",
      "slug": "02-pattern-hunter",
      "bestFor": "Time-pressed audiences, building consensus, when data is strong",
      "matchId": "019dd95a-07fe-70ce-8d3d-34d60d543d62",
      "evidence": "Sanctions, Huawei, TSMC dominance, Chinese fund, talent poaching, CHIPS Act, blocked M&A.",
      "position": 20,
      "objective": "Map US-China semiconductor decoupling and TSMC centrality",
      "structure": "Evidence A -> Evidence B -> Evidence C -> Pattern/Conclusion",
      "confidence": 75,
      "description": "Group multiple pieces of evidence that together point to a pattern or conclusion"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}