Just over 18 months after opening its doors, Shanghai-based embodied intelligence startup Psibot, known in Chinese as Lingchu Intelligence (灵初智能), has entered unicorn territory, closing a roughly $100 million round that values the company at approximately $1.48 billion.
President Donald Trump has confirmed that artificial intelligence will be a central topic when Chinese President Xi Jinping visits Washington on September 24, framing the encounter as a defining moment in what he called a race that “whoever wins that race is probably going to win. Period.”
The gap between the best AI models built in the United States and those built in China has collapsed to a record-low 6% on capability benchmarks, according to a new Bloomberg Intelligence analysis reported by The Next Web this week, a threshold that policymakers in Washington had, until recently, treated as a comfortable multi-year buffer.…
When ChatGPT stunned the world in late 2022, US artificial intelligence labs enjoyed what looked like an unassailable lead, measured not in months, but in years. By early 2025, DeepSeek’s R1 had compressed that advantage to a matter of months.
Moonshot AI’s much-anticipated release of Kimi K3’s open weights, scheduled for July 27, has become the most immediate test case for a policy shift that could reshape the global AI supply chain from the top down.
Chinese humanoid robot maker Unitree Robotics, one of the most-watched names in the country’s booming embodied AI sector, has poured cold water on suggestions that a “GPT moment” for robots is imminent.
When ChangXin Memory Technologies begins trading on Shanghai’s STAR Market next Monday, the biggest winner will not sit inside a Silicon Valley venture fund or a Beijing state bank.
The White House accused Moonshot AI this week of distilling Anthropic’s Fable model to build Kimi K3, a charge that, if true, would mean a Chinese lab harvested the outputs of an American frontier model to train a rival system.
China’s semiconductor equities suffered one of their sharpest single-session routs of 2026 on Friday, as retail-driven exuberance ran headlong into a wall of macroeconomic anxiety, and even coordinated buying by two of Beijing’s largest state investment vehicles failed to steady the market.
Hangzhou-based DeepSeek is barreling toward one of the most closely watched initial public offerings in China’s artificial intelligence sector, with founder Liang Wenfeng personally committing roughly $3 billion of his own capital and setting his sights on a Shanghai STAR Market listing that could value the company at as much as $71 billion.
For the first time since ChatGPT catapulted artificial intelligence into the public consciousness, a plurality of Americans now believe China, not the United States, is winning the race to build the most advanced AI.
