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Hong Kong firm bets on Chinese open-weight models to rival CoreWeave

Hong Kong firm bets on Chinese open-weight models to rival CoreWeave
South China Morning Post Monday 17 August 2026, 01:00 UTC By Xinmei Shen 1 min read
Key Points

The rise of Chinese open-weight models has shaken up the global artificial intelligence (AI) market in recent months. With China’s systems offering high performance at a lower cost, businesses around the world are looking at shifting away from Silicon Valley’s leading providers. Now, a new Hong Kong-based company aims to turn that trend into a billion-dollar business.

The rise of Chinese open-weight models has shaken up the global artificial intelligence (AI) market in recent months. With China’s systems offering high performance at a lower cost, businesses around the world are looking at shifting away from Silicon Valley’s leading providers. Now, a new Hong Kong-based company aims to turn that trend into a billion-dollar business. The “neo-cloud” provider Antimatter is helping firms switch from the dominant US models – and the cloud systems that serve them –...
Hong Kong (LOCATION) Chinese (ORG) CoreWeave (ORG) China (LOCATION) Silicon Valley’s (LOCATION) Antimatter (ORG) US (LOCATION)
Originally published by South China Morning Post Read original →

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