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Moonshot AI eyes US$30 billion valuation as China’s AI race intensifies
Moonshot AI eyes US$30 billion valuation as China’s AI race intensifies The company behind the Kimi chatbot is aiming for a valuation that would place it among China’s most valuable AI start-ups Moonshot AI, the developer of China’s popular Kimi chatbot, is seeking to raise between US$1 billion and US$2 billion in a new funding round that could value the company at as much as US$30 billion, according to a person familiar with the matter, as competition among the country’s leading artificial...
China launches AI framework to improve ‘black box’ transparency and raise standards
China launches AI framework to improve ‘black box’ transparency and raise standards The initiative underscores Beijing’s growing focus on AI governance, as concerns grow over algorithm bias and data security China has pledged to improve the accuracy, reliability and transparency of AI through a new national evaluation framework, as policymakers move to establish common standards for assessing the fast-evolving technology. New guidelines released by the central government said Beijing would...
China’s AI Ambitions Depend on Massive Power-Grid Investments
China’s AI Ambitions Depend on Massive Power-Grid Investments Beijing’s $295 billion data center rollout will need to be supported by continued spending on electricity generation and networks. This article is for subscribers only. Welcome to our guide to the commodities driving the global economy.
Warren invites Nvidia CEO Jensen Huang to Senate hearing on China AI chip sales
Nvidia CEO Jensen Huang is being invited to testify before the Senate Banking Committee on June 11 as Sen. Elizabeth Warren, D-Mass., sharpens her focus on the chipmaker's China sales, export controls and role at the center of the global AI boom. "Appearing as a witness will give you an opportunity to testify about NVIDIA's views on U.S. export control laws and regulations and NVIDIA's business in China," Warren wrote in a letter first obtained by CNBC. She asked Huang to confirm his...
Driven by AI demand, China on track to pass US as top nuclear energy producer
Driven by AI demand, China on track to pass US as top nuclear energy producer Beijing is building new reactors at unrivalled speed – but the US still holds an edge in nuclear fusion research, analyst says While the US maintained the world’s largest operational fleet of nuclear reactors, China now accounted for nearly half of all those under construction globally and was expected to match American capacity within five years, Gavekal Technologies said on Monday. “By a wide margin, China will...
Huawei chips refine DeepSeek model in major leap for China’s AI self-reliance
Huawei chips refine DeepSeek model in major leap for China’s AI self-reliance While Chinese chipmakers have found success in supporting AI inference, they are struggling with the far more complex process of training While Chinese chipmakers have found success in supporting AI inference – the relatively simple process of running an already-finished model to answer user prompts – they have struggled with training, the far more complex process of building or refining a model’s brain. If initial...
China’s AI chip demand pushes South Korea into a rare surplus with top trade partner
China’s AI chip demand pushes South Korea into a rare surplus with top trade partner Strong demand for memory chips has reshaped South Korea’s exports to China – but analysts warn the gains could be short lived South Korea has emerged as a rare bright spot among East Asian economies trading with China, as booming demand for memory chips pushes its balance with its largest trading partner back into a surplus. The country’s trade position with China had strengthened steadily this year,...
The EU is set to join US-led chip alliance 'Pax Silica' to counter China's AI race
The EU is set to formally join Pax Silica, a US-led initiative coordinating AI chip supply chains and export controls to counter China. The decision follows weeks of internal discussions over fears that the initiative could jeopardise the EU's regulatory autonomy. The European Union is set to join Pax Silica, a Washington-led initiative to coordinate export controls and co-investment in advanced chips aimed at curbing China's technological rise, particularly in AI.