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DeepSeek close to sealing $7 billion funding in historic AI dealChinese AI startup DeepSeek is nearing a massive $7.4 billion funding round, with tech giants Tencent and CATL leading the investment. Deep...- DeepSeek slated to draw $7 billion in maiden fundraising, sources sayThe fundraising could value the company after the investment at between 350 billion yuan and 400 billion yuan, or between $52 billion and...
- Chinese AI models surge in 2026: Is JPMorgan data signaling a global shift away from US AI dominance?Chinese AI models are no longer just regional competitors. They are rapidly becoming a global artificial intelligence force. New JPMorgan d...
- Alibaba unveils new AI chip in push for domestic alternativesAlibaba has launched its new Zhenwu M890 AI chip, offering triple the performance of its previous model. This development is part of China'...
- Alibaba to exceed planned AI spending and says margin is secondaryAlibaba plans to spend more than its projected 380 billion yuan on Artificial Intelligence over three years. The company reported quarterly...
- Alibaba to integrate Qwen AI with Taobao, launch agentic shopping, source saysAlibaba is set to launch a new way to shop. Its AI platform Qwen will connect with Taobao. Consumers can chat with the AI to find and buy p...
- Prices of Nvidia's B300 server at $1 million in China on US curbsNvidia's B300 servers have skyrocketed in price to around one million dollars each in China, fueled by an insatiable appetite for AI comput...
- Alibaba Group anonymously releases new AI video generation model: ReportAlibaba Group has anonymously released a new AI video generation model called Happyhorse-1.0, according to a report by The Information.
- Meta to release open source versions of its upcoming AI modelsMeta plans to release new AI models under Alexandr Wang, with some versions open source but certain parts kept private for safety and compe...
- China's Alibaba targets $100B in AI and cloud revenue over 5 yearsChinese tech giant Alibaba plans to earn over 100 billion dollars from its artificial intelligence and cloud businesses in the next five ye...
- Alibaba pins hopes on AI as quarterly net profit dropsNet profit plunged 66% to 15.6 billion yuan ($2.2 billion) primarily due to a "decrease in income from operations", the firm said. China's ...
- Tencent seizes momentum in China’s AI race against AlibabaTencent in just the past week introduced several signature products aimed at tapping a national enthusiasm for AI agents like OpenClaw — au...
- Alibaba Token Hub to consolidate, boost Group’s AI strategyAlibaba Group has launched the Alibaba Token Hub (ATH), an AI-focused business division led by CEO Eddie Wu, consolidating key AI assets li...
- Head of Alibaba's Qwen AI division resignsThe head of Alibaba Group’s Qwen AI model division, Lin Junyang, said he would step down, days after updated products were released. In a p...
- Alibaba upgrades Qwen app to order food, book travelThe new features, now in public testing in China, enable users to complete such tasks entirely within the AI chat interface, without switch...
- Alibaba’s main AI app debuts strongly in effort to rival ChatGPTAlibaba's Qwen app has seen a massive surge, crossing 10 million downloads post-relaunch, signaling a strong contender against OpenAI's Cha...
- Alibaba launches open-source AI coding model, touted as its most advanced to dateAlibaba has released Qwen3-Coder, its most advanced open-source AI coding model. Designed for high-performance software development, it han...
- China's Manus AI announces partnership with Alibaba's Qwen teamChinese AI startup Manus AI partners with Alibaba’s Qwen AI team to integrate Manus’ functionalities into domestic models and computing pla...
- Alibaba shares surge after it unveils reasoning modelQwen, the ecommerce leader's artificial intelligence unit, said on X that its QwQ-32B, with 32 billion parameters, can achieve performance ...
- Qwen AI model by Alibaba offers low-cost alternative to DeepSeekResearchers from Stanford University and the University of Washington, including Chinese-American “AI godmother” Li Feifei, have recently p...
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