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DeepSeek

(深度求索)

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DeepSeek
深度求索
DeepSeek is a Chinese artificial intelligence company founded by Liang Wenfeng. Its low-cost AI model was developed with significantly fewer computing resources than those of bigger US tech firms like OpenAI and Meta.
A general view of Hong Kong Exchanges and Clearing on July 21. Photo: Jelly Tse
Artificial intelligence

China’s Moonshot AI accelerates fundraising push ahead of planned IPO: source

Per a source, the company closes fundraising round at US$30 billion valuation, as it signals it may go public in next six months.

US-China trade war

As US-Chinese AI model gap narrows, what next for Washington?

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China property

Tech-driven surge: new wealth fuels luxury housing boom in China’s AI stronghold

Artificial intelligence

Why China’s open-weight AI model Kimi K3 is sparking anxiety in Silicon Valley

Analysts say Beijing-based start-up Moonshot’s 2.8 trillion-parameter large language model could narrow the gap with the US within ‘weeks’.

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People visit the Moonshot AI stand, featuring the Kimi K3 model, during the World Artificial Intelligence Conference in Shanghai on July 18. Photo: AFP
Artificial intelligence

Insert token: how China’s surging AI use is turning compute into currency

As the cost of running AI models continues to drop, the token economy is reshaping ecosystems far beyond corporate cubicles.

Artificial intelligence

Xi’s call on AI, Trump blasts China, US tariffs

This week: Chinese president urges open and secure AI, US leader accuses Beijing over 2020 election, GDP growth slows. Next week: US global tariff expiry, Apec ministers meet, Hong Kong lawmakers decamp to Beijing.

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Artificial intelligence

Moonshot AI touts world’s largest open-source model as China closes gap with US

Kimi K3 is designed for long-horizon coding, knowledge work and reasoning tasks, according to a blog post by Moonshot AI.

Moonshot AI said its Kimi K3 achieved ‘open frontier intelligence' with 2.8 trillion parameters. Photo: Shutterstock Images
Semiconductors

CXMT’s mega IPO draws frenzy from retail investors to DeepSeek founder’s fund

Investors are hoping for a relatively generous allotment rate and sharp gains when the memory-chip maker debuts on Shanghai’s Star Market.

Semiconductors

China memory-chip maker CXMT set for mega IPO

Listing could be country’s second biggest at US$9.8 billion and comes as global demand for memory chips soars on the back of AI infrastructure build-out.

Artificial intelligence

As US AI costs soar, global firms pivot to China’s cheap, open-weight models

A sharp narrowing of the performance gap is prompting some developers to shift from costly American giants to budget-friendly Chinese alternatives.

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The daily token volume of Zhipu’s GLM-5.2 has surged 50-fold on Vercel since mid-June, according to the San Francisco-based cloud platform for AI web development. Photo: Shutterstock Images
US-China relations

US hardens AI stance on China as Anthropic calls for extending lead

AI company urges tighter export controls, saying Chinese rivals are rapidly closing the gap through unauthorised model distillation.

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Artificial intelligence has become a central battleground in US-China technological competition. Photo: Shutterstock
Artificial intelligence

China’s DeepSeek eyes US$70b valuation in new talks weeks after first round

Company’s fresh fundraising talks come straight off its landmark Series A, as investors scramble to back national AI champion.

US-China relations

Boko Haram exploited US and Chinese AI chatbots for attacks: Cambridge study

Former fighters say AI helped with bomb-making, planning and propaganda, raising calls for US-China action on terrorist misuse of chatbots.

US-China trade war

US says Nvidia’s H200 exports to China remain ‘trivial’ despite approvals

US commerce official Jeffrey Kessler says only a ‘very small quantity’ of AI chips have reached mainland China and Hong Kong so far.

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A top US official told Congress on Tuesday that "very few" Nvidia H200 chips have been shipped to China or Hong Kong to date. Photo: Reuters
Technology

Opinion | Clash of the tech titans: China’s quiet industry vs loud US innovation

At the heart of the battle for AI dominance is a deeper contest between two very different leadership styles.

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The strengths of each model lie in its strategic priorities, as do the weaknesses. Photo: Shutterstock
Science

Using AI could reduce exam scores by a fifth, a study on Chinese students finds

Researchers in Sweden and Hong Kong say students may experience a deceptive sense of fluency – AI makes tasks feel effortless.

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Artificial intelligence

Beyond Claude Code: the Chinese AI tools poised to benefit after back-door alert

As Beijing flags a security risk in Anthropic software, domestic tech firms are rapidly embracing local alternatives such as ByteDance’s Trae and Alibaba’s Qoder.

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Semiconductors

Why Chinese AI labs like DeepSeek and Zhipu are looking beyond models to chips

Custom silicon allows for hardware optimisation tailored to specific architectures, such as the DeepSeek-R1 model.

Custom AI chips offer better performance per dollar and per watt when designed around a hyperscaler’s own software stack and data-centre architecture. Photo: Shutterstock Images
US-China relations

Anthropic hits back after China warns of Claude Code ‘backdoor’ risks

AI firm says users in China were never authorised to use Claude Code after Beijing warned of security risks in older versions.

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China economy

Opinion | Are the US’ AI models better than China’s? That may be beside the point

Rather than fight US frontier AI control, China is thinning the margins of premium AI with cheap-enough, good-enough models for mass adoption.

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China’s private sector

China records most new unicorn start-ups in 5 years as AI and robotics boom

The pace is the fastest since 2021 though momentum for some start-ups remains uncertain, according to a new report.

A man stands next to a poster of a humanoid robot during the China International Supply Chain Expo in Beijing on June 25, 2026. Photo: AFP
US-China relations

US lawmakers push for fewer tax breaks to reduce reliance on China technology

Congressman Nathaniel Moran also warns US business leaders of corporate America’s growing ‘toxic relationship’ with ‘adversary’ Beijing.

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US lawmakers plan to deny certain tax incentives through the country's tax code to discourage businesses from relying on technology from China. Photo: Shutterstock
Artificial intelligence

Zhipu AI’s new tool turns GLM-5.2 into agent amid Anthropic rivalry

Firm also known as Z.ai rolls out promotions to lure developers as US rival Anthropic responds to claim it covertly tracked Chinese users.

Electric & new energy vehicles

EVs | China’s AI-defined vehicles make smart motoring human-centred

Artificial intelligence is transforming the in-car experience for drivers and passengers, with Chinese EV makers among the first to embrace a new era on the road.

Artificial intelligence

The AI industrial revolution: why US faces a historic tech reckoning from China

From EVs to robotics, China’s advancement in cutting-edge tech has seen it shake off the West’s long-standing belief in US exceptionalism.

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Illustration: Lau Ka-kuen
Mainland China

DeepSeek bucks China’s AI price war with peak-hour surcharges for API services

DeepSeek triggered a price war in May when it announced a permanent 75 per cent discount on V4 API access.

Peak hour costs for DeepSeek’s V4 Pro will be charged at US$1.77 for every million output tokens. Photo: Shutterstock Images
Artificial intelligence

Faster AI, lower costs: DSpark eases bottlenecks and chip strain, says DeepSeek

Start-up unveils speculative decoding framework that speeds up inference by up to 85 per cent amid China’s push to overcome US AI curbs.

US-China relations

US officials fear ‘supervillain’ China pulling ahead in AI race even a little

US House Foreign Affairs Committee Chairman Brian Mast and Senator Jim Banks expressed concerns about China eroding America’s lead.

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