they should be freaking out because every time the chinese labs or non "frontier" labs release a model that is only a few months behind and much cheaper than the openai/anthropic models it shows that they don't deserve their valuations
Or perhaps they consider the upside from cheap Chinese models to hedge the effect that OpenAI/Anthropic collapsing would have on their portfolios. This would make sense for (hedge funds holding) most companies: they don't really care about who supplies the AI, as long as they get it at roughly the same price as their competitors.