Moonshot AI Goes From $4.3B to $20B in Six Months
Moonshot AI closed a $2B round at a $20B valuation, four-times its end-2025 value, on the strength of its Kimi open-weight models and $200M ARR.
Articles Tagged "China"
DeepSeek Nears $45B as China's Big Fund Leads Round
China's state semiconductor fund is leading DeepSeek's first-ever VC raise at a $45B valuation, signaling a strategic shift from chip investment to backing AI model labs directly.
Huawei Eyes $12B as Nvidia Cedes China AI Market
Bernstein projects Nvidia's China AI chip share falls from 66% to 8% in 2026 while Huawei targets $12B in revenue, with ByteDance alone committing $5.6B in Ascend 950PR orders.
China Blocks Meta's $2B Manus Deal - Founders Barred
China's NDRC ordered Meta to reverse its $2B Manus acquisition and barred the startup's founders from leaving China, ending the 'Singapore washing' strategy that let Chinese AI firms dodge Beijing oversight.
DeepSeek V4 Hits Frontier Benchmarks at One Tenth the Price
DeepSeek releases V4 Flash and V4 Pro with frontier-class benchmarks at prices 7-9x below OpenAI and Anthropic, built entirely on Huawei Ascend chips.
Inside DeepSeek V4's CANN Stack - Three Delays Explained
DeepSeek V4 has slipped three times since February. Jensen Huang called it a horrible outcome for America. Here is what is actually hard about running a trillion-parameter model on Huawei's CANN framework.
GLM-5.1
Z.ai's GLM-5.1 is an open-weight 754B MoE model that tops SWE-Bench Pro with 58.4, sustains 8-hour autonomous coding sessions, and runs under MIT license at $0.95/M input tokens.
ERNIE 5.0
Baidu's ERNIE 5.0 combines 2.4 trillion parameters with native omni-modal design, landing at LMArena's top-10 globally and outpacing GPT-5 High on chart and document benchmarks.
Z.AI Will Ban Your Coding Plan For Non-Coding Use
Z.AI updated its GLM Coding Plan usage policy. Non-coding requests now trigger aggressive throttling, and three violations mean a permanent ban - which explains the wave of 1302 and 1303 rate-limit errors users have been hitting this week.
GLM-5.1 Review: Open-Source Model Tops SWE-Bench Pro
Z.ai's GLM-5.1 is a 754B open-weight model that claims the top spot on SWE-Bench Pro without a single NVIDIA chip - here's how it holds up in practice.
Alibaba's HappyHorse Claims Video AI Crown - No Weights Yet
HappyHorse-1.0 topped the Artificial Analysis Video Arena with a 52-Elo gap over Seedance 2.0 - but the 'open source' model has no public weights, no inference code, and no API.
Japan Forms $6B AI Alliance to Rival US and China
SoftBank, Sony, Honda, and NEC have formed Japan AI Foundation Model Development, backed by a $6.3 billion government commitment to build a trillion-parameter physical AI model on Japanese soil.
