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OpenAI

OpenAI: A leading entity in the Technology and Artificial Intelligence sector, San Francisco-based OpenAI specialises in developing advanced AI models and tools, including the GPT family of large language models, DALL-E, and ChatGPT. They primarily serve businesses, organisations, academic institutions, and increasingly, the general public, aiming to enhance operations and drive innovation. Known for catalysing widespread interest in generative AI with ChatGPT’s release, OpenAI’s overall business focus is on building a globally competitive AI ecosystem and developing safe, beneficial artificial general intelligence that aligns with human values. The company also has offices in London, Dublin, and Tokyo.

Financial Secretary Paul Chan says Hong Kong tops IPO rankings, highlighting robust turnover and rising interest from global firms. Photo: ISD

Hong Kong economy

Hong Kong’s IPO market ‘exceeds’ HK$140 billion amid renewed gold trading push

Financial Secretary Paul Chan says city remains top IPO hub, citing strong demand among ‘high-quality’ companies and robust market momentum.

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OpenAI

Hong Kong’s IPO market ‘exceeds’ HK$140 billion amid renewed gold trading push

Financial Secretary Paul Chan says city remains top IPO hub, citing strong demand among ‘high-quality’ companies and robust market momentum.

Underwhelming or underrated? DeepSeek V4 shows “impressive” gains

OpenAI’s Sam Altman apologises to Canada town for not reporting mass shooter

US crackdown threat could shake out China’s ‘distillation’ AI copycats: analysts

US plans action against AI ‘distillation’, as analysts warn weaker Chinese start-ups could be forced out within a year.

Investors rotate to China’s chipmakers as DeepSeek intensifies AI competition

Efficient new model boosts outlook for computing power demand but pressures valuations of AI application developers.

DeepSeek unveils next-gen AI model as Huawei vows ‘full support’ with new chips

The company says its cost-efficient new V4 model is competitive with top closed-source models from OpenAI and Google DeepMind.

Tencent unveils first flagship AI model under former OpenAI researcher

The model is relatively small with only 295 billion parameters, bucking a recent trend of large models with trillions of parameters.

Can ‘token exports’ give China an edge in the AI era?

As AI tokens emerge as a new commodity, China’s cost advantage is reshaping global model competition, though monetisation gaps remain.

Florida investigating AI role in mass shooting at university

Prosecutors investigate if OpenAI faces ‘aider and abettor’ liability after a gunman allegedly used ChatGPT to plan rampage.

.css-1pcrwvc{color:#2aa191;}Opinion | US-China AI race must strike a balance between security and openness

Raising barriers to entry in tech in the name of national security could stifle global AI development.

Open or closed? Moonshot AI keeps its code out in the open

Open-source push continues with Kimi K2.6, but pressure to monetise is nudging some Chinese AI firms behind closed doors.

Chinese software firms defy ‘SaaSpocalypse’ with strategic AI partnerships

Legacy Chinese SaaS firms are integrating AI into their offerings and seeing ‘significant robust growth’ as a result, Liu said.

ByteDance, Tencent step up AI talent battle amid reports of DeepSeek loss

High-profile departures, disputed compensation claims and start-up spin-outs underscore escalating competition for AI engineers.

‘Buy what they can, steal what they can’t’: US lawmakers slam China’s AI tactics

US lawmakers, experts accused Beijing of buying ‘what they can’ and stealing ‘what they cannot’ from America to advance their AI technology.

Black market workarounds scale up for Claude as Anthropic tightens ID checks

Chinese developers are bypassing new ID checks as demand for Claude remains strong despite official restrictions.

Molotov attack on OpenAI CEO Sam Altman’s home leads to arrest

‘We should de-escalate the rhetoric and tactics and try to have ‌fewer explosions,’ Altman wrote in response.

Alibaba’s Qwen family captures over 50% of global open-source downloads: report

Qwen hits nearly 1 billion cumulative downloads, far surpassing rivals like Meta Platforms’ Llama and DeepSeek, researchers say.

China’s Zhipu AI open-sources GLM-5.1, raises prices to trim gap with US rivals

The company’s second price increase this year signals a push to monetise advanced AI models while keeping costs below US peers.

China’s DeepSeek adds expert chatbot mode ahead of much-awaited V4 release

The Hangzhou start-up’s latest chatbot update sparks speculation over whether the expert mode is linked to the long-delayed V4 model.

China’s rigid corporate culture slows AI adoption, ex-OpenAI executive says

China’s tech-savvy consumers embrace AI, but rigid corporate hierarchies hold back enterprises, Zack Kass says.

Who is Xu Rui, the ex-ByteDance executive tapped by Meta to lead AI hardware?

The veteran Chinese executive will lead a team that develops AI devices at the Facebook parent’s superintelligence unit.

Competition or ‘co-opetition’: how is convergence shaping Sino-US AI race?

Speech by CEO of Chinese AI start-up at Nvidia event in US highlights symbiotic nature of tech relationship despite geopolitical tensions.

What Zhipu and MiniMax’s first post-IPO earnings say about the 2 AI start-ups

The two Chinese start-ups show promising commercialisation of AI models, which are reflected in rising demand and revenue.

Hong Kong retains IPO crown but may lose to US mega listings over full year

Second place for IPO funds raised is Nasdaq, with US$5.65 billion from 18 listings, while the New York Stock Exchange ranks third.

ByteDance adds watermarking, IP checks to Seedance 2.0 ahead of global launch

TikTok parent ByteDance says guardrails will protect Seedance 2.0 as it expands globally despite intense scrutiny from Hollywood.

Sycophantic AI chatbots are trying so hard to please, they often give bad advice

In a Stanford-led study, all the AI assistants tested showed sycophancy and often affirmed a user’s questionable thoughts and actions.

Google’s Gemini AI app debuts in Hong Kong

Tech giant’s chatbot service tops Apple’s app store chart in the city.

Semicon China: AI, packaging set to drive country’s chip industry growth

China on track to account for nearly half of world wafer capacity in two years, organiser of world’s largest chip industry trade show says.

Opinion | US-China AI race must strike a balance between security and openness