Moonshot AI, the Beijing-based maker of the Kimi K3 model, confirmed Tuesday that it has closed a $3.5 billion financing round at a $35 billion post-money valuation, more than triple its $4.3 billion valuation from eight months ago, and far above the $1 billion to $2 billion it originally set out to raise, Bloomberg reported.…
Moonshot AI’s Kimi K3 model has dominated headlines since its release, boasting a 2.8-trillion-parameter architecture, top-ranked coding performance, and a $3.5 billion funding round that closed this week.
China now dominates the global humanoid robot start-up landscape by the most rigorous measure available, patent quality, with six Chinese firms ranked among the world’s ten most innovative humanoid robot companies, according to a new LexisNexis analysis published Tuesday.
Washington’s new AI Spark initiative to promote American artificial intelligence systems in Southeast Asia’s public services and digital infrastructure is seen as a move to counter the region’s deepening partnerships with Chinese firms in the deployment of the technology, according to analysts cited by the South China Morning Post.
Fast-growing new growth drivers, including AI-related industries, are fueling sustained growth in China’s industrial profits, as the country’s shift toward innovation-driven development gathers momentum.
The US government will award $300 million to chipmaker GlobalFoundries to bolster research and development of silicon photonics, a technology increasingly viewed as essential for the future of AI infrastructure, according to an announcement on Wednesday.
Huawei is planning to begin mass production of a cutting-edge glass substrate by 2027 to elevate the performance of its Ascend AI chips, according to a new report from DigiTimes.
Beijing has taken its most direct regulatory swing yet at AI-enabled harassment, with the Cyberspace Administration of China (CAC) publishing a draft cyberbullying law on Wednesday that explicitly targets content generated or amplified by artificial intelligence.
The US government should not block Chinese artificial intelligence in an attempt to gain the upper hand in the race to develop the groundbreaking technology, Meta chief executive Mark Zuckerberg has told the Financial Times.
Micron Technology’s stock has shed more than 30% from its all-time high in the weeks since it reported the most impressive quarterly results in its 47-year history, a paradox that became harder to explain on Wednesday morning, when a semiconductor analyst told CNBC that the Chinese chipmaker driving the selloff is still two to three…
