3+ day, 22+ hour ago   (471+ words) HONG KONG/SINGAPORE, Sept 9 (Reuters) – Chinese artificial intelligence startup DeepSeek has tapped CITIC Securities to prepare for an initial public offering on Shanghai’s tech-focused STAR Market, two people with knowledge of the matter said. The Hangzhou-based company aims to begin…...

4+ day, 10+ hour ago   (92+ words) WTVB US accuses Chinese AI firms of ‘industrial-scale’ theft of AI technology WASHINGTON, Sept 8 (Reuters) – U.S. cyber and ​law enforcement officials on Tuesday accused Chinese AI companies ​of “aggressive, ⁠industrial-scale distillation ⁠activities,” according to a statement from three ​U....

1+ week, 3+ day ago   (79+ words) WTVB ByteDance gets $30 billion loan, Bloomberg News reports Sept 3 (Reuters) – Bytedance has secured a $29.6 ​billion loan, Bloomberg News reported on Thursday, citing ​people ⁠familiar with ⁠the matter. The Chinese tech giant ​was originally ⁠seeking ⁠a $20 billion ​facility, but ​increased the…...

1+ week, 5+ day ago   (461+ words) BEIJING, Aug 31 (Reuters) – China’s Huawei Technologies reported a 36% plunge in first-half net profit on Monday as soaring input costs and heavier spending on research and development outweighed revenue growth. The Shenzhen-based tech and telecoms giant said net profit ​for January…...

1+ week, 5+ day ago   (367+ words) By Liam Mo and Eduardo Baptista BEIJING, Aug 31 (Reuters) – China’s Zhipu AI reported first-half revenue of 953.9 million yuan ($141.96 million), up 400% from a year earlier, as the Beijing-based startup sought to ​turn demand for its AI models into sales while rolling…...

2+ week, 3+ day ago   (569+ words) BEIJING/SINGAPORE, Aug 26 (Reuters) – China’s Moonshot AI is negotiating revenue-sharing agreements with Microsoft, Amazon and Alphabet’s Google that would allow the U.S. cloud giants to host its blockbuster Kimi K3 model, three people familiar with the talks said. Any deal…...

2+ week, 5+ day ago   (153+ words) BEIJING, Aug 24 (Reuters) – Alibaba officially rolled out its latest AI video generation-model Wan3.0 ​on Monday with enhanced ‌capabilities after the Chinese internet giant launched a $10 billion share placement to fund rising AI spending. • The new ‌model ​can generate 30-second ⁠videos from…...

2+ week, 6+ day ago   (307+ words) SHANGHAI, Aug 24 (Reuters) – The Hong Kong-listed shares of Alibaba slumped on Monday after the Chinese e-commerce and cloud computing company launched a $10.2 billion share placement, as investors ​worried about payback from its massive AI spending. Alibaba said on ‌Sunday its…...

2+ week, 6+ day ago   (449+ words) Aug 23 (Reuters) – China’s Alibaba said on Sunday it plans to sell HK$80 billion ($10.2 billion) in a share placement to fund artificial intelligence-related development. A deal by the Chinese e-commerce and cloud computing giant would mark the largest-ever primary follow-on offering…...

3+ week, 2+ day ago   (697+ words) By Laurie Chen and Harshita Mary Varghese Aug 20 (Reuters) – China’s Alibaba reported a 75% fall in quarterly net profit on Thursday as the tech giant heavily ramped up AI capital expenditure, betting future growth on its enterprise cloud and AI model…...