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The OpenAI logo is seen in this illustration picture created on June 11, 2026. Photo: Reuters
Artificial intelligence

Jevons Paradox: why China’s cheap AI models could be good for Silicon Valley

China’s open-weight models have led AI firms to slash prices, but they will also massively boost overall AI demand, analysts say.

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Artificial intelligence

Cambricon posts 108% surge in revenue amid China’s massive AI chip drive

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2026 Xi-Trump summits

Disputes over AI, robotics, trade mount ahead of planned Xi-Trump summit in US

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Artificial intelligence

What triggered Goldman Sachs to lift its China AI revenue forecast by 30%

Bank forecasts a sharp revenue surge after Chinese AI models slash costs, boost capabilities and capture global token share.

Goldman Sachs boosted its year-end annualised recurring revenue projection for mainland Chinese AI models to US$13 billion from US$10 billion. Photo: Shutterstock
Goldman Sachs boosted its year-end annualised recurring revenue projection for mainland Chinese AI models to US$13 billion from US$10 billion. Photo: Shutterstock
Artificial intelligence

China’s Moonshot AI seeks US$50b round as year-end Hong Kong IPO eyed: sources

Unicorn dismantles offshore structure to pave way for potential listing as investor appetite surges after release of Kimi K3 model.

Artificial intelligence

Tencent ramps up overseas AI push with wider roll-out of flagship Hy3 model

Hy3’s release is the first major update in Tencent’s AI strategy since former OpenAI researcher Yao Shunyu joined the Chinese tech giant.

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Huawei

Slapped with reality: why Huawei’s top chip scientist embraces war-hero mindset

In viral interview, Liao Heng talks navigating US curbs to make Ascend processors, placing innovation over nanometres for chip self-reliance.

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An image of a semiconductor displays the name of Huawei Technology’s chip-design unit, HiSilicon. Photo: handout
An image of a semiconductor displays the name of Huawei Technology’s chip-design unit, HiSilicon. Photo: handout
Artificial intelligence

Chasing physical AI: Ant Group robotics arm Robbyant kicks off external funding

The division seeks US$222 million in the first round and could complete a second by year-end, according to domestic media reports.

Semiconductors

China boosts chip-design safeguards amid tech self-sufficiency push

Revised rules sharpen penalties and expand rights, underscoring Beijing’s strategy to build resilience across semiconductor and AI ecosystem.

Artificial intelligence

AI | Will AI healthcare be China’s new global growth engine?

Artificial intelligence models and apps that help doctors in China diagnose disease and patients understand their health could be an export gold mine.

Will AI healthcare be China’s new global growth engine?
Artificial intelligence

China’s tech giants race to put AI on delivery riders’ heads

From safety features to hands-free voice tools, JD.com has become the latest platform to launch AI-integrated headwear.

Delivery couriers ride bikes in Beijing on July 10. Photo: Reuters
Delivery couriers ride bikes in Beijing on July 10. Photo: Reuters
Robotics

Mixed feelings: can China’s companion robots win a place at home?

Companion robots start arriving in September, offering emotional interaction and novelty, but chores remain off the table – at least for now.

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Artificial intelligence

Exclusive | RedNote eyes US$2.2b data centre as China ramps up AI infrastructure: source

China’s DeepSeek is also recruiting for jobs in Inner Mongolia, the location of the buildout, as it emerges as an AI hub due to low power costs.

Apple

Apple’s Tim Cook warns Siri AI roll-out in China will take time

In earnings call, Cook says Apple to launch AI software in China, an effort to retain competitive edge in world’s largest smartphone market.

An Apple store in the Xuhui district in Shanghai on July 1. Photo: AFP
Semiconductors

Exclusive | ‘Science is a universal language’: US materials pioneer defends global ties

Elsa Reichmanis spent decades collaborating with Chinese science teams and says research should remain distinct from tech rivalry.

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Elsa Reichmanis, who was one of the recipients of the China International Science and Technology Cooperation Award in July. Photo: Handout
Elsa Reichmanis, who was one of the recipients of the China International Science and Technology Cooperation Award in July. Photo: Handout
Ant Group

Ant Group spin-offs pursue independent growth with strategic capital moves

The Chinese fintech giant’s three spin-off units are accelerating their capital-raising efforts after gaining operational autonomy in 2024.

Artificial intelligence

How ByteDance’s Seedance model empowers China’s nascent AI drama industry

China’s studios are using ByteDance’s model to cut production times from months to weeks and drive down video creation costs.

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Robotics

Tesla to benefit from US robot ban as Chinese rivals suffer knockback

Leading Chinese robot makers have ambitious overseas expansion plans, but Washington’s ban may force them to recalibrate.

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Humanoid robots pick and sort goods at a demonstration warehouse during an expo in Shanghai. Photo: Xinhua
Humanoid robots pick and sort goods at a demonstration warehouse during an expo in Shanghai. Photo: Xinhua
Artificial intelligence

Chinese AI chipmaker Cambricon aims for US$14b revenue over 3 years

Initiative reflects push to retain core talent amid intensifying competition to develop and commercialise domestic AI chips.

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Alibaba

From CXMT to Zhipu AI, Alibaba’s strategic investments are paying off

The company’s strategic shift to AI and chip investments is not only yielding significant returns, but also boosting its tech portfolio.

Artificial intelligence

Can Anthropic CEO’s chip ban proposal curb China’s AI advancements?

Dario Amodei wants the US to retain its AI advantage over China, highlighting distillation risks and advocating mandatory model safety tests.

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Anthropic co-founder and CEO Dario Amodei speaks at an AI conference in San Francisco last year. Amodei is urging Washington to tighten chip export bans and clamp down on Chinese "distillation". Photo: Getty Images
Artificial intelligence

Exclusive | Chinese AI developers may shift to ‘paid weights’: Goldman Sachs

As use of Chinese artificial intelligence soars, companies will look to boost revenue capture, says bank’s head of Asia internet research.

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Goldman Sachs Asia analyst Ronald Keung on July 22. Photo: Jonathan Wong
Goldman Sachs Asia analyst Ronald Keung on July 22. Photo: Jonathan Wong
Tencent

Moonshot, DeepSeek and chips: a guide to Tencent’s growing AI empire

A look at some of the key companies in Tencent’s growing AI portfolio, from model makers to chip designers.

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Semiconductors

CXMT projected to further soar as it narrows gap with Samsung, Micron, SK Hynix

Company’s wafer expansion and AI demand could lift its DRAM share and more than double the stock’s value, analysts say.

Semiconductors

CXMT surge shows why China stock buyers see IPOs as one-way bet

Chipmaker CXMT skyrocketed on its first day of trading on Shanghai’s Star Market, fuelled by a low IPO valuation and surging global demand for DRAM memory.

Image: Reuters
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