DEEPSEEK AI STARTUP
ByteDance prepares Meta's Muse-like agent in push to close AI gap
ByteDance is preparing to release an AI assistant similar to Muse by Meta Platforms soon. Co-founder Zhang Yiming has shared his vision of competing with companies like Anthropic and OpenAI by 2030. The company intends to invest up to $70 billion in developing the Seedance video AI platform.
How China gets the Nvidia chips it needs to develop AI
Nvidia's dominance in the global AI chip market has come under scrutiny as US export restrictions fail to fully prevent China from accessing advanced processors. Chinese firms are reportedly obtaining Nvidia chips through smuggling and overseas data centres, while domestic players such as Huawei race to develop competitive alternatives.
Intel's former CEO Pat Gelsinger says this Georgia Tech memory chip could be the industry's biggest breakthrough in 30 years; what is it and how could it transform AI industry?
Nagare Labs was founded by Georgia Institute of Technology professors and researchers Suman Datta and Shimeng Yu. They spent years working on next-generation memory technologies. Their work involves oxide semiconductors. The company is based on research conducted at Georgia Tech and is seeking to turn its laboratory developments into a commercially viable memory product.
Cyberattacks hit NBFCs; Pine Labs Q2 profit zooms
Cyber criminals are targetting smaller NBFCs with specialised AI toolkits. This and more in today’s ETtech Top 5.
China's new export curbs draw a line around its AI crown jewels
The draft rules, released on October 16, distinguish between foreign customers using Chinese AI services and foreign companies obtaining the models, data or expertise needed to operate or reproduce them independently.
China's new export curbs draw a line around its AI crown jewels
The draft rules, released on October 16, distinguish between foreign customers using Chinese AI services and foreign companies obtaining the models, data or expertise needed to operate or reproduce them independently.
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ByteDance founder Zhang Yiming reclaims top spot in China's rich list, thanks to his firm's AI push
The rankings released by The Hurun Research Institute on Tuesday reflected that the country's high-tech sectors were rising but others like consumer and real estate were under pressure.
Dragon enters bear cave with $2.4 trillion lost since May peak
Chinese stocks have recently entered a bear market, resulting in a total loss of $2.4 trillion. Major indexes, including the CSI 300 and Hang Seng, have significantly declined in value. Investors express concerns about the future profitability of artificial intelligence companies and weak domestic demand. Analysts suggest the market malaise may continue into next year without substantial policy changes.
DeepSeek wrapping up $15 billion fundraising to fuel AI race
Battery maker Contemporary Amperex Technology (CATL) and WeChat operator Tencent Holdings were among the biggest investors in the round, said one of the people, who both declined to be named as the information was confidential.
Global Market: China's Lingjun Investment attracts $300 million from overseas investors
China’s Lingjun Investment has raised at least $300 million from US and Southeast Asian investors as it resumes overseas fundraising. Strong fund returns and AI-driven interest support growth, while regulatory scrutiny makes governance and risk management critical.
China defends DeepSeek after US ban of its AI from government systems
In a fierce response to the US ban on DeepSeek's AI products, China has issued a grave warning about possible repercussions. The Department of Homeland Security directed federal agencies to remove all DeepSeek products. Beijing contends that this ban is not only unfair but also a threat to its economic interests, reproaching the U.S. for excessive national security measures.
DeepSeek pushes out updated AI model it says is faster, leaner
The firm unveiled the V4.1-Flash-1017 late Saturday afternoon with a series of posts on X saying the update had “stronger benchmark performance, faster task completion, and shorter outputs than the previous version.” The model is live across the web, on DeepSeek’s app and its platform for developers.
Meta’s Muse Spark Open is free to download, but comes with strings attached
The main commercial restriction applies to companies that offer AI models as a service, giving customers model outputs through an application programming interface (API) or a similar interface.
Moonshot execs in talks to settle dispute with shareholder ahead of planned IPO, people say
Moonshot, a Chinese AI startup, is currently in discussions with Recurrent.ai amidst a backdrop of legal challenges concerning alleged misconduct by their executives, CEO Yang Zhilin and CTO Zhang Yutao. Accusations include unauthorized actions and misrepresentations. As settlement negotiations proceed, unresolved issues may jeopardize Moonshot's anticipated Hong Kong IPO, with Recurrent.
Nvidia in talks to invest further in Reflection AI or buy it: FT
Talks are at an early stage and a deal could take several forms, including a so-called acqui-hire arrangement where Nvidia would hire staff and license technology rather than pursue a full acquisition, potentially avoiding a lengthy regulatory review, the newspaper said.
Nvidia in talks to buy Reflection AI or deepen its investment, FT reports
Nvidia is in talks to deepen its investment in startup Reflection AI or acquire it, the Financial Times reported on Saturday, citing people with direct knowledge of the matter.
DeepSeek to raise at least $12 billion in Tencent-backed funding
Chinese AI startup DeepSeek is close to securing at least 80 billion yuan ($11.93 billion) in its latest round of funding, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Nvidia-backed Reflection unveils first AI model to take on Chinese open models
Nvidia-backed Reflection AI debuted its first open-weight model named Beam on Monday, as the startup aims to compete with lower-cost Chinese models such as DeepSeek and Kimi in coding and agentic tasks.
The only billionaires making money this year are in tech
The roughly 100 technology fortunes among the world’s 500 richest people gained a combined $845 billion through Sept. 30, the most ever for the first nine months of a year, according to the Bloomberg Billionaires Index.
Patchwork algorithms get the job done: What is helping curb skyrocketing costs of enterprise AI?
As businesses navigate the AI frontier, many are embracing a blend of advanced models to address distinct needs effectively. Industry giants such as Snowflake and Nvidia are pioneering model-routing solutions, while innovative startups in India are joining the ranks. Research shows that leveraging multiple models can enhance efficiency and cut costs, though factors like language quality and security challenges impede progress.
Beijing widens travel curbs to kin of top chip, AI talent
Government agencies have recently begun to share the wider restrictions with affected people, which include prominent startup founders as well as the heads of strategically important companies in AI-related fields, people familiar with the matter said. Direct relatives such as spouses and children of certain AI and chip executives, whose work is considered paramount to state security, are now required to obtain approval from Beijing before going abroad even for short trips, the people said.
AI startup Black Forest Labs urges optimism from Europe despite safety fears
Europe needs to view artificial intelligence with more optimism -- despite growing warnings about its dangers -- or risk falling further behind, the head of a leading European AI start-up warned. "I think the mindset in Europe needs to shift to one of optimism and to one of opportunity, and not to one of risk and fear," Robin Rombach, CEO of German AI image generation specialist Black Forest Labs, told AFP. Europe lags behind the United States and China when it comes to cutting-edge AI models.
China's DeepSeek annualised revenue run rate hits $1 billion: Report
The figure underscores the rapid growth of the AI company that shook the tech industry last year after its models challenged US assumptions about China's AI capabilities. The company is planning to go public soon to fund its expansion.
DeepSeek to brief UN Security Council on AI this week, sources say
The 15-member Security Council is set to meet on Wednesday to discuss AI and international security, weeks after several AI industry leaders called for a coordinated slowdown of the development of the increasingly powerful AI systems, warning that they could soon improve on their own and slip beyond human control.
DeepSeek to brief UN Security Council on AI this week, sources say
The Chinese AI startup will brief diplomats alongside representatives from OpenAI and Anthropic, as the UN Security Council weighs the risks posed by increasingly powerful AI systems.
As world debates risks of AI, China closes technology gap with US
The US has outpaced China and other countries for years in AI model capabilities, research, citations and other areas. But China has been rapidly catching up as an AI superpower even as US-led restrictions have blocked China from accessing some of the most advanced technologies, including the cutting-edge chips and the machines to make them.
China's DeepSeek hires dealmaker as CFO ahead of possible IPO
A CFO typically plays a central role in managing investor communications, financial controls, capital allocation and disclosure processes required for a listing.
China's DeepSeek taps CITIC Securities for domestic IPO
DeepSeek's engagement of CITIC, which has not been reported so far, is an indication that the startup is moving along in its IPO plan. Companies seeking a mainland China listing typically appoint securities firms to conduct pre-listing tutoring before submitting an application.
DeepSeek plans big Huawei AI chip order to power new data centre
The startup doesn’t currently plan to use the 950DT chips for training, one of the people said, even though Huawei designed and marketed these processors to serve that more demanding function. While DeepSeek tried to train its previous models on Huawei chips, it has so far relied on Nvidia accelerators for this crucial step.
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