South Korean investors pour millions into MiniMax, other Chinese AI and chip stocks

    South Korean investors pour millions into MiniMax, other Chinese AI and chip stocks

    South Korean retail investors, known for their aggressive trading style, are ramping up exposure to Chinese artificial intelligence-related stocks, even as their home market ranks among the world’s top performers. Data from SEIBro, a portal operated by the Korea Securities Depository, showed that South Korean retail investors bought US$507 million worth of Hong Kong-listed shares…

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      Anthropic vs China: The grand AI heist is a hall of mirrors

      A new front has opened in the global AI race, and this time the issue is not innovation but theft, national security and geopolitical rivalry. Anthropic has publicly accused three Chinese AI firms –DeepSeek, Moonshot AI and MiniMax — of orchestrating what it described as coordinated “distillation attacks” on its flagship model, Claude. The claims…

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      Months after CEO Sam Altman called China's DeepSeek R1 model 'impressive', OpenAI sends memo to US government saying Chinese company is 'cheating', it is using ...

        Months after CEO Sam Altman called China’s DeepSeek R1 model ‘impressive’, OpenAI sends memo to US government saying Chinese company is ‘cheating’, it is using …

        DeepSeek R1 model debuted in January last year. After its launch, OpenAI CEO Sam Altman shared a post on X calling the AI model “impressive”, adding “it’s legit invigorating to have a new competitor”. A year later, the ChatGPT-maker is accusing the Chinese AI model of cheating. In a letter to the US House Select…

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          Christopher Nolan Says Directors Aren’t Entirely Protected Against AI

          Having earned a reputation for ditching CGI in favor of practical effects in his movies, Christopher Nolan seems to harbor a similarly skeptical opinion about AI in the entertainment industry, citing Disney’s deal with OpenAI. The visionary filmmaker isn’t opposed to integrating artificial intelligence in movies. Yet, he has shared certain reservations regarding the technology…

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          Ant Group’s LingGuang vibe coding app hits 1 million downloads in just 4 days

          Ant Group’s LingGuang vibe coding app hits 1 million downloads in just 4 days

          Ant Group’s new “vibe coding” artificial intelligence app LingGuang has overwhelmed servers after user downloads surpassed 1 million in just four days, hitting the milestone faster than OpenAI’s ChatGPT and Sora, according to the Chinese fintech giant. The app’s innovative functionality of generating applications in response to users’ text prompts was temporarily suspended on Thursday…

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