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.
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.
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