# J.P. Morgan

The Inference Pivot: China Surpasses U.S. in Weekly AI Token Consumption

China has overtaken the United States in weekly AI token consumption, reaching 4.69 trillion tokens and claiming the top three most-called models globally. Projections from J.P. Morgan suggest a massive 370-fold growth in Chinese AI inference by 2030, signaling a definitive shift toward large-scale industrial application.