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UNCOVERED: 2 - Caught on Camera

Moonshot AI closes $3.5 billion funding round to hit $35 billion valuation

The Beijing-based startup managed to secure far more than the $1 billion to $2 billion it initially targeted, people familiar with the matter said. The National Artificial Intelligence Industry Investment Fund — the state vehicle that’s also a backer of DeepSeek’s — was among the lead investors in the round,…

The Economic Times

China's Moonshot, Z.AI, and DeepSeek are challenging U.S. AI labs—and beating them on cost

“The AI ecosystem in China is probably much better than people thought."

Fortune

Cheaper, open and intelligent: Chinese AI models gain ground, as they make inroads in the US

Chinese AI models are gaining popularity in the U.S. for their affordability and efficiency

The Independent UK

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The second Chinese AI shock rattles US as China narrows the race

China's Kimi K3 AI model has emerged, significantly narrowing the technological gap with American frontier systems. This development has prompted intense debate across Silicon Valley and Washington regarding China's AI capabilities. The model's performance, affordability, and open-weight release strategy are unsettling for American observers. Concerns are rising about cybersecurity and…

The Economic Times

Viral ‘Kimi AI’ is built on stolen technology, Trump tech advisor claims

Accusations come amid escalating fight between US and China over artificial intelligence

The Independent UK

Moonshot, DeepSeek, and the Great Chinese AI IPO Rush

Beijing's AI leaders are rushing toward the public markets, using IPOs to fund an escalating arms race against U.S. frontier models.

Fortune

Trump administration reportedly reviving push to ban Chinese AI models following Kimi K3 launch, citing cybersecurity concerns — downloadable open weights could make an outright U.S. ban nearly impossible to enforce amid growing adoption

The U.S. may be reigniting efforts to push companies away from Chinese open-weight AI models such as Kimi and DeepSeek.

Tom’s Hardware

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China's new AI model halts new subscriptions as demand swamps capacity

The Chinese AI model Kimi K3 has suspended new subscriptions after overwhelming demand pushed its capacity close to its limits

The Independent UK

Chinese AI Models Overtake US Rivals as Token Share Among American Firms Hits Record 58%

Chinese artificial intelligence models now account for the majority of tokens processed by U.S. firms on OpenRouter, overtaking American rivals for the first time as developers increasingly adopt offerings from companies such as DeepSeek.

Benzinga

China's DeepSeek to raise fresh capital at $74 billion valuation ahead of onshore IPO

The plan comes just weeks after the Hangzhou-based company, which drew global attention with its low-cost AI models in 2025, raised about $7.4 billion in June at a post-money valuation of about 450 billion yuan, the people said. Filings by two Chinese investors later suggested DeepSeek was valued at 350.88…

The Economic Times

Chinese AI model takes US tech industry by surprise with abilities rivalling Claude, ChatGPT

The newest Kimi K3 model from Beijing-based startup Moonshot, run by a Pink Floyd-loving entrepreneur who earned his doctorate in Pittsburgh, appears to be catching up to the best versions of Anthropic's Claude and OpenAI's ChatGPT.

The Economic Times

Chinese AI model takes US tech industry by surprise with abilities rivaling Claude and ChatGPT

Another powerful new artificial intelligence model from China is taking the U.S. tech industry by surprise

The Independent UK

Markets may have just experienced their second DeepSeek shock, this time thanks to a Chinese AI lab named after a Pink Floyd album

K3 might undermine the conventional wisdom that U.S. firms can maintain their extended lead by simply outspending Chinese competitors on computing power.

Fortune

Moonshot’s Kimi K3 pushes Chinese AI into Fable-level territory

“K3 stands as Moonshot AI's most powerful open-source coding model to date,” Moonshot AI wrote in a press release.

Fortune

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The Economic Times

Chinese filing implies DeepSeek valuation of around $52 billion

The stock-exchange filing offers rare public evidence about the pricing and investor lineup of DeepSeek's maiden external fundraising, which the company has never announced. As a private company, DeepSeek ‌has no routine ⁠disclosure ⁠obligations.

Caixin Global

Business Brief (July 16): DeepSeek Said to Prepare for IPO

Tencent integrates its AI assistant with JD.com, tech and EV sectors drive a surge in China’s power consumption

Benzinga

Anthropic Claude Traffic Skyrockets 500% to Outpace Smaller AI Rivals

For all the attention on OpenAI‘s ChatGPT and Alphabet Inc‘s (NASDAQ:GOOGL) (NASDAQ:GOOG) Google Gemini, one of the fastest-moving stories in generative AI may belong to a much smaller player.

The Economic Times

China's DeepSeek to raise fresh capital at $74 billion valuation ahead of onshore IPO

The plan comes just weeks after the Hangzhou-based company, which drew global attention with its low-cost AI models in 2025, raised about $7.4 billion in June a post-money valuation of about 450 billion yuan, the ‌people said.

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news in one place.

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The Economic Times

Meet DeepSeek's Liang Wenfeng, the Chinese entrepreneur who is now world's richest AI founder, surpassing Anthropic's Dario Amodei

DeepSeek founder Liang Wenfeng's net worth has significantly increased after a recent funding round. He is now the world's wealthiest creator of artificial intelligence models. This surge in valuation makes him a prominent figure in China's tech landscape. His company's success is attributed to early investments in computing power. Liang's…

The Economic Times

DeepSeek’s Liang Wenfeng tops Dario Amodei and Greg Brockman as richest AI founder

Liang is now worth $36 billion, up from about $16.7 billion previously, according to the Bloomberg Billionaires Index. That ranks him well above Anthropic PBC co-founder Dario Amodei and OpenAI’s Greg Brockman.

TechRadar

DeepSeek AI review

DeepSeek delivers frontier-class AI performance at a fraction of competitor prices, but serious privacy concerns make it a complicated choice for businesses.

Barchart

DeepSeek Just Dealt Nvidia Stock a Potentially Major Blow

DeepSeek’s custom AI chip ambitions could reshape the competitive landscape. What does that mean for Nvidia over the long term?

The Economic Times

China plans to let top AI firms buy limited Nvidia H200 chips: Report

China plans to permit its leading artificial intelligence companies to acquire Nvidia's H200 chips. Officials have informed Alibaba, ByteDance, and DeepSeek about potential upcoming permissions. Nvidia has already secured licenses from the United States government for these sales. The chip giant's shares saw a slight increase following this news report.…

The Economic Times

China's MiniMax plans to launch giant 2.7 trillion parameter model

Chinese AI firm MiniMax is developing a 2.7 trillion-parameter model. This new model could become the world's largest open-weight AI system. Cheaper Chinese AI models are gaining traction as alternatives to US systems. MiniMax will also launch a multimodal video generation model soon. The company is planning a second listing…

Barchart

Stock Index Futures Tumble as Oil Jumps After Trump Says U.S.-Iran Ceasefire Is Over, FOMC Minutes on Tap

September S&P 500 E-Mini futures (ESU26) are down -0.96%, and September Nasdaq 100 E-Mini futures (NQU26) are down -1.34% this morning as sentiment took a hit after U.S. President Donald Trump declared an end to the ceasefire with Iran, sending oil prices and bond yields soaring.

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