TOPIC

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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.

SpaceX initial public offering signage in the Morgan Stanley building in New York on June 9. Photo: Reuters

Stocks

Macroscope | Moment of truth is coming for the AI stock boom

Tech barons are seeking to raise outrageous sums before the balloon goes up. If it does, where will portfolio investment go?

13 Jun 2026 - 10:17PMvideocam

US-China trade war

US Congress warned: AI race winner will rule world, and it must not be China

12 Jun 2026 - 6:56AMvideocam

Banking & finance

Opinion | Why tech titans’ IPOs matter as much in China as in the US

11 Jun 2026 - 8:30PMvideocam

Canada

Canada moves to ban under-16s from social media, regulate AI

The proposed plan could see companies fined up to 3 per cent of their global revenue or US$7.2 million if they do not comply.

11 Jun 2026 - 7:47AMvideocam

Australia and Indonesia have put in place social media bans for young users, while several European governments have announced their desire to make similar moves. Photo illustration: EPA

US-China relations

Chinese propagandists stoking dissent over Trump tariffs, data centres: OpenAI

The firm says Chinese-speaking users asked ChatGPT to come up with slogans and cartoons criticising the US president’s trade and tech policy.

11 Jun 2026 - 7:01AM

Hong Kong stock market

How the AI trade is stirring dotcom-era jitters across global markets

Signs of excess are mounting in AI trade, with soaring IPOs and stretched valuations echoing run-ups to past market peaks, analysts say.

11 Jun 2026 - 7:00AM

OpenAI

.css-1pcrwvc{color:#2aa191;}Macroscope | Moment of truth is coming for the AI stock boom

Tech barons are seeking to raise outrageous sums before the balloon goes up. If it does, where will portfolio investment go?

US Congress warned: AI race winner will rule world, and it must not be China

Opinion | Why tech titans’ IPOs matter as much in China as in the US

Canada moves to ban under-16s from social media, regulate AI

The proposed plan could see companies fined up to 3 per cent of their global revenue or US$7.2 million if they do not comply.

Chinese propagandists stoking dissent over Trump tariffs, data centres: OpenAI

The firm says Chinese-speaking users asked ChatGPT to come up with slogans and cartoons criticising the US president’s trade and tech policy.

How the AI trade is stirring dotcom-era jitters across global markets

Signs of excess are mounting in AI trade, with soaring IPOs and stretched valuations echoing run-ups to past market peaks, analysts say.

China sounds alarm over AI ‘skills’ that evade guard rails and mine crypto

Malicious AI skills can trick users into running crypto-mining software and expose sensitive data, CNCERT warns.

Anthropic opens powerful Mythos AI model to public – with some safeguards

Access was previously limited to organisations like the US government due to the model’s ability to unearth cybersecurity vulnerabilities.

Zhipu vs MiniMax: what’s driving the widening valuation gap in Hong Kong

Zhipu’s valuation now eclipses MiniMax, but looming lock-up tests may unleash volatility in Hong Kong’s AI stocks, analysts say.

China warns of security risks in relay services for foreign AI models

Security ministry cautions developers on grey-market relay platforms, raising fears of privacy breaches and illicit data trading.

DeepSeek’s bargain AI triggers price war across China’s tech sector

DeepSeek’s pricing shock is rippling through China’s AI sector, pressuring rivals and unsettling cloud providers.

Tencent’s AI chief dismisses lag concerns, says race a ‘long-term game’

Yao says he does not think ChatGPT and Claude Code will be the only super apps, as ‘new opportunities will inevitably emerge’.

More US firms turn to China’s DeepSeek over pricey Silicon Valley AI

DeepSeek takes top spot on ‘trending’ list as companies look for alternatives to OpenAI and Anthropic, spending tracker’s report says.

Want to save the planet? Stop being so polite to AI chatbots

UN report reveals massive energy, water, and e-waste footprint, urging sustainable practices as AI usage skyrockets.

Trump looks to balance ‘lead over China’ and national security with AI order

Voluntary framework to vet powerful new AI systems up to 30 days before their public release, stopping short of mandating review regulations.

Tencent shares jump 10% on expectations of AI agent within WeChat

An AI agent would leverage the app’s ecosystem of mini-programs, payments, content and commerce for 1.4 billion users.

MiniMax debuts AI model built for long and complex coding tasks

Shanghai-based company says M3 can process data five times faster than its predecessor, while also slashing inference costs.

Firms spent heavily on AI. Now rising costs are outpacing its value

All this artificial intelligence spending was showing no noticeable increase in productivity, Uber’s chief operating officer says.

Alibaba AI voice model beats OpenAI, xAI to bridge Chinese dialect gap

The new model supports more than 30 languages, seven major Chinese dialects and over 20 regional accents.

China’s MiniMax records 1-million client base, fivefold growth in half a year

Its global user base reaches 300 million while ARR more than doubles in two months, though company reports large total losses.

US banks roll out American AI in Hong Kong despite geopolitical tensions

US AI companies have restricted access for users in Hong Kong and mainland China, forcing banks to navigate a compliance minefield.

Alibaba AI beats Google and OpenAI in global coding rankings

The Chinese tech giant is the only non-US firm to crack the top five in Code Arena’s latest leaderboard.

Kuaishou beats estimates as Kling AI video tool’s revenue jumps 300%

AI unit has annual recurring revenue run rate of roughly US$500 million, Kuaishou says.

DeepSeek V4 Pro tops global bang-for-buck ranking after 75% price cut

Model ranks among world’s best for intelligence per dollar thanks to now permanent price cut, according to Artificial Analysis.

China behind in LLM race but it can still win in AI, ex-Tencent AI lead says

In the AI era, the problem with being a technological follower is the constant risk of having the rug pulled from under you, Liu says.

Trump scraps signing AI executive order to keep ‘lead’ over China in industry

White House postpones decision on more regulation over fast-growing AI market as it may affect US competitiveness with rivals globally.

Letters | In medical incident probes, stats and facts are as vital as transparency

Readers discuss the nuanced difference between a medical blunder and a medical complication, AI and mental health, and the IMF’s advice to Hong Kong.

Alibaba unveils new Qwen model, custom chips in bid to become China’s AI factory

Chinese tech giant launches Qwen3.7-Max, its new large language model designed as a robust foundation for AI models.

Macroscope | Moment of truth is coming for the AI stock boom