China chip giants form US$577 million ‘patient capital’ fund to counter US tech curbs
A coalition of China’s leading tech companies – including memory chipmaker ChangXin Memory Technologies (CXMT) and e-commerce giant Alibaba Group Holding – has launched a 3.91 billion yuan (US$577 mil...
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MiniMax once led Zhipu in Hong Kong’s AI stock race. How the tables have turned
When Chinese artificial intelligence developers Zhipu AI and MiniMax made their debuts on the Hong Kong stock exchange in January, investors initially saw one as a better bet than the other. Beijing-b...
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Leaks and backdoors: China warns of security risks in relay services for foreign AI models
China’s national security authority has warned of risks in using “artificial intelligence relay services” that provide access to overseas AI models, highlighting concerns over data leaks, privacy brea...
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SpaceX IPO set to lift industry in push for space-based AI computing, solar power: report
SpaceX’s planned mega-listing on Friday is expected to add momentum to the global satellite industry, as Elon Musk’s rocket and connectivity giant pushes beyond satellite broadband into direct-to-cell...
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China launches space computing hub as SpaceX gears up for historic IPO
China is ramping up its bets on space-based artificial intelligence computing with the launch of a state-backed research institute in Beijing, accelerating a frontier tech race with the US just as Elo...
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Tencent’s chief AI scientist dismisses lag concerns, says race a ‘long-term game’
Yao Shunyu, the former OpenAI researcher now leading Tencent Holdings’ artificial intelligence model development, pushed back against concerns that the tech giant is slow in AI, arguing that the race ...
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AI hyperscaler effect vaults China’s Zhongji Innolight to top of CSI 300 benchmark
The artificial intelligence frenzy has made Zhongji Innolight, a supplier of optical modules to US hyperscalers, the biggest constituent of China’s stock benchmark, highlighting AI’s profound impact o...
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WeChat to take commands from AI assistants in major shift for Tencent
Tencent Holdings is opening WeChat to smartphone artificial-intelligence agents, as the Chinese tech giant fights to keep the app’s 1.4 billion users locked into its ecosystem in the AI era. The new f...
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DeepSeek nears US$7b haul in first-ever funding round, with backing from Tencent, CATL
Chinese artificial intelligence start-up DeepSeek is finalising its first external fundraising round, securing over 50 billion yuan (US$7.4 billion) at a valuation of just under US$60 billion, accordi...
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Will China pay for AI? ByteDance’s Doubao loses 6 million users after subscription plan
ByteDance risks throwing away its lead in China’s fierce market for consumer artificial intelligence by monetising too early, according to analysts, after its flagship chatbot Doubao shed millions of ...
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