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Explainer | How tech start-up DeepSeek emerged as the unlikely game changer in US-China AI war

The Hangzhou-based firm over the past several weeks released two powerful new AI models, DeepSeek-V3 and DeepSeek-R1, that were built…

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New Business

Tech war: China creates US$8.2 billion AI investment fund amid tightened US trade controls

The new AI fund’s scope of business includes general equity investment and asset management, according to the registry service, which…

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New Business

China’s GenAI market continues to heat up as Beijing records more LLM filings

Beijing added 11 new generative artificial intelligence (GenAI) services set for public release, as the nation’s capital continues to burnish…

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Tech

Chinese AI start-up Moonshot cuts LLM feature price amid fierce domestic competition

Chinese artificial intelligence (AI) firm Moonshot AI has halved the price of a new feature on its Kimi large language…

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Tech

Chinese AI firms fight to stand out from rivals in text-to-video market

Chinese firms from start-up Zhipu AI to tech giant ByteDance have rushed to launch artificial intelligence (AI) video-generation tools in…

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Tech

TikTok owner ByteDance revs up nascent market for Sora-style services with Jimeng AI app

A screenshot of sample videos generated by ByteDance’s Jimeng artificial intelligence service from a mainland app store. Photo: SCMP The…

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Tech

China’s AI-related companies total 1.67 million in first half of 2024 amid ChatGPT frenzy

Mainland China added more than 237,000 new companies involved in artificial intelligence (AI) during the first half of this year,…

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Tech

Tech war: China narrows AI gap with US despite chip restrictions

China is narrowing the artificial intelligence (AI) gap with the US through rapid progress in deploying applications and state-backed adoption…

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Tech

Sora finds a new rival in China as start-up Shengshu AI rolls out text-to-video tool

Shengshu said Vidu is able to generate a four-second clip in 30 seconds, according to a statement. That makes it…

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Tech

China drives Asia’s venture capital market with 6 of the top 10 quarterly deals: KPMG

China dominated Asia’s subdued venture capital scene in the second quarter, as state-backed investors poured money into sectors such as…

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