Auto Added by WPeMatico
Zhu Yiming got about $10bn richer on Monday. He has promised to give roughly $5.6bn of it away, and not to charity. The chairman of CXMT saw his fortune climb nearly 300% to $13.9bn when the memory chipmaker closed its Shanghai debut up 466%, according to the Bloomberg Billionaires Index. About 40% of that is […]
This story continues at The Next Web
CXMT’s founder is giving 40% of his new fortune to his workers Read More »
Roughly 750,000 words of AI output costs $50 if you buy it from Anthropic’s Fable. The same volume from DeepSeek’s V4-Pro costs about 87 cents, Fortune reported. Z.AI’s GLM-5.2 charges $4.40. Moonshot’s Kimi K3, pricey by Chinese standards, charges $15. Corporate America has noticed. Companies spent a year competing to burn tokens. Now they shop […]
This story continues at The Next Web
China has a new most valuable listed company, and it makes the chips inside your phone. CXMT, formerly ChangXin Memory Technologies, closed its Shanghai debut up 466% on Monday, the South China Morning Post reported. That values the Hefei firm at 3.28 trillion yuan, or about $485bn. The numbers are hard to overstate. CXMT priced […]
This story continues at The Next Web
CXMT soared 466% on day one to become China’s most valuable onshore company Read More »
Awatchdog group says Meta ran thousands of advertisements for apps that digitally undress women, and that the network placing them traces back to a single company in China. The finding lands on a platform that has spent more than a year insisting it is winning this fight, even as it fields separate lawsuits over scam ads elsewhere […]
This story continues at The Next Web
Facebook and Instagram ran nudify-app ads from a single Chinese firm, watchdog says Read More »
China’s market regulator fined Trip.com Group $765 million on Saturday after concluding that the country’s largest online travel platform abused its dominant market position. The State Administration for Market Regulation said Trip.com used its traffic allocation algorithms, platform rules and technology to restrict hotel operators from listing on competing services and to control the prices […]
This story continues at The Next Web
Silicon Valley does not usually gang up on its own. This week it did. Nearly 200 US startups have urged the Trump administration not to block American access to Chinese open-weight AI models. A ban, they warn, would gut the next wave of US companies. The plea, first reported by Politico, came in letters from […]
This story continues at The Next Web
A Chinese model split Silicon Valley. Now the startups are fighting back. Read More »
Ford and Geely announced a manufacturing joint venture on Thursday that will produce electric vehicles at Ford’s plant in Valencia, Spain. Ford will own 66% of the venture, Geely 34%. Pending regulatory approvals, operations begin in the first half of 2027, with the first new vehicles rolling off the line in 2028. The plant will […]
This story continues at The Next Web
The email was not meant to be public. Writing to a small-business owner on Staten Island, a researcher for the Senate Small Business Committee said Republican staff had been probing “Amazon negligence related to Chinese influence and have found compelling evidence.” The note named no evidence at all. That is more or less the whole […]
This story continues at The Next Web
A US Senate panel says it has ‘compelling evidence’ of Chinese influence inside Amazon Read More »
The model that rattled Silicon Valley last week now has Washington’s attention. A senior White House official has accused China’s Moonshot AI of breaking US export controls to build Kimi K3. It reached restricted Nvidia chips, he said, and leaned on American models to do it. Kratsios directs the White House Office of Science and […]
This story continues at The Next Web
White House accuses Moonshot of distilling Anthropic’s Fable to build Kimi K3 Read More »
Server processors were meant to be the boring corner of the AI boom. The exotic money went to graphics accelerators, while the central processing units sitting beside them were treated as a solved problem, cheap, plentiful, and interchangeable. That assumption is coming apart in China. Intel and AMD have signed longer-term supply commitments with Chinese […]
This story continues at The Next Web
Intel and AMD lock Chinese data centres into multi-year CPU deals as prices surge Read More »