Evoken, an artificial intelligence startup focused on AI-powered content creation, has completed a Series B+ financing round raising approximately $300 million (roughly 2 billion yuan), achieving a post-investment valuation exceeding $2 billion.
Manifold AI, a Beijing-based artificial intelligence startup, has completed a significant new funding round, bringing its total capital raised to nearly 1 billion yuan ($148 million) across six rounds since its founding just over a year ago.
Singapore is emerging as an unexpected beneficiary of US-China technological tensions, attracting major artificial intelligence companies from both sides of the geopolitical divide. OpenAI and Google DeepMind have established applied AI laboratories in the city-state over the past year, while Anthropic has begun advertising positions in finance, product support, and economic research.
Artificial intelligence is fundamentally transforming the structure of white-collar employment in China, creating winners and losers in the labor market at a striking pace. A comprehensive analysis published in Caixin Global reveals that AI adoption has reached critical mass among professionals, with nearly four-fifths now using AI tools weekly.
Chinese artificial intelligence developers are rapidly advancing into the frontier of massive foundation models, with companies racing to develop and deploy systems containing more than one trillion parameters.
Tsing Micro, a semiconductor company specializing in reconfigurable processing units, has completed the IPO counseling process and entered the acceptance stage for a public listing on China’s ChiNext board, positioning the company to become the nation’s first publicly traded firm focused on reconfigurable chip technology.
A public debate over the pace of Chinese artificial intelligence development has intensified on X, with technology entrepreneur Elon Musk estimating that Chinese large language models will reach the capability level of Anthropic’s Fable 5 by the first quarter of 2027, while Zhipu AI CEO Tang Jie cryptically suggested the timeline could be even shorter.…
China’s government moved decisively this week to accelerate artificial intelligence adoption across consumer markets, releasing a comprehensive implementation guideline that aims to embed AI into the daily lives of hundreds of millions of citizens.
Alibaba Group delivered its most comprehensive defense yet of an aggressive, diversified artificial intelligence investment strategy on Thursday, with chairman Joe Tsai arguing that the company’s “all in” approach reflects a fundamental belief that AI’s total addressable market will eventually dwarf current valuations of frontier model companies.
Tencent Holdings has taken a significant step toward embedding artificial intelligence directly into consumer transactions by integrating its desktop AI agent, WorkBuddy, into WeChat Pay.
