DeepSeek Will Pre-Train V5 on Huawei’s Ascend Chips, Reports Say
Cailian Press said V5 would use the Ascend 950 as its core training chip, with the project pointing to 2027; Ascend has so far mainly run inference.
DAILY BRIEF · 10 STORIES
The November 4, 2026 brief
Nvidia Tells Cloud Partners to Sell at Least 51% of Services to Non-Chinese Firms
The rule, passed on verbally since the summer and applied globally, targets a route Chinese AI developers use to rent computing power abroad.
China’s Economic Planner Vows Faster Work on a Comprehensive AI Law
The NDRC also wants AI developers to disclose safety risks, report incidents and vulnerabilities, and test new services in sector-specific regulatory sandboxes.
China’s Financial Regulator Says AI Investment Is Overly Concentrated as STAR 50 Falls 3.8%
NFRA vice head Xiao Yuanqi told a Hong Kong summit the AI capital rush raises borrowing costs for older industries, as tech shares erased Monday’s gains.
Meituan Says It Trained 1.6-Trillion-Parameter LongCat-2.5 Model Entirely on Chinese Chips
The native multimodal model, released November 2, activates about 48 billion parameters per token and already runs a merchant operations workbench.
Alibaba Pushes Open-Source AI at Wuzhen as Qwen Passes 4 Billion Downloads
Chairman Joe Tsai told the summit that Qwen has open-sourced more than 470 models, which developers have used to build over 330,000 derivatives.
Baidu Denies Report That Kunlunxin’s Hong Kong IPO Could Slip to 2027
Kunlunxin filed confidentially in January for a Hong Kong listing of about US$2 billion, and a mainland approval once expected this summer has not yet come.
Inference Chipmaker Moffett AI Raises Nearly RMB1 Billion for the Second Time in Five Months
The Shenzhen company’s Series C+ brings its fundraising since May to nearly RMB2 billion, with a new SP200 accelerator board due before the end of the year.
Mercedes-Benz Puts ByteDance’s Doubao in Its China-Developed E-Class Cockpit
The updated long-wheelbase E-Class also adds Huawei HiCar next to CarPlay, and its three E 300 L versions sell for RMB423,800 to RMB509,800.
SenseTime’s SenseNova 6.8 Flash Adds Long-Term Memory and Builds Animated Slides
The official release can produce animated PowerPoint files, posters, web pages and Blender 3D scenes, and is free in SenseTime’s Raccoon app until December 1.