When China’s DeepSeek sent shock waves through the technology world early last year, it raised a confronting question for America’s tech giants, could China build cutting-edge artificial intelligence for a fraction of the cost? More than a year on DeepSeek is no longer the only strong challenger. In recent weeks, Chinese AI developers Z.ai (formerly…
The Hang Seng Index rose 2.4 per cent to 24,057 at the noon break, with technology shares leading broad-based gains despite renewed geopolitical tensions in the Middle East. The Hang Seng Tech Index outpaced the broader market, surging 4.3 per cent. At the centre of the rally was Knowledge Atlas Technology, also known as Zhipu…
The market realignment over the past week starkly captures the self-defeating logic of America’s technology containment strategy. The momentum began on June 15, when the shares of Chinese artificial intelligence pioneer Zhipu AI, which trade in Hong Kong under Knowledge Atlas Technology, surged by 48 per cent intraday after it announced the open-source release of…
Chinese artificial intelligence start-up DeepSeek suffered a prolonged outage overnight that extended into early Monday morning, disrupting service for hundreds of millions of users, according to a company notice and user feedback. The Hangzhou-based AI lab’s namesake chatbot website and app were offline from Sunday evening, with the company continuing to investigate while issuing fixes…
New energy, artificial intelligence, electric vehicle (EV) and biotechnology companies will remain the driving force behind Hong Kong’s initial public offering (IPO) market in the coming years, according to the head of bourse operator Hong Kong Exchanges and Clearing (HKEX). “In the past year, dozens of new companies in green energy, automation and other sectors…
Chinese chip designer Montage Technology is set to enlist Alibaba Group Holding and JPMorgan Asset Management among the key investors in its upcoming Hong Kong listing, according to people familiar with the matter, in a sign of promising demand for the city’s latest share sale related to artificial intelligence. Alibaba and the JPMorgan Chase asset…
Chinese AI start-up Zhipu AI said it would step up efforts next year in the pursuit of artificial general intelligence (AGI) while continuing to open source its AI models after its initial public offering. In 2026 “we’re going to contribute more substantially to the AGI journey,” Zheng Qinkai, a researcher at the company, which markets…
More Chinese artificial intelligence firms and chipmakers are turning to Hong Kong for fundraising, testing the appetite of global investors following stellar onshore debuts of graphics processing unit (GPU) developers Moore Threads Technology and MetaX Integrated Circuits. GigaDevice Semiconductor is a step closer to its Hong Kong initial public offering (IPO) after passing a listing…
Facebook parent Meta Platforms, a major proponent of open-source artificial intelligence (AI) models with its Llama family, has indicated it would be more “careful” going down the open-source road, a move that contrasts with China’s embrace of open-source. In fact, China has probably found the path to “surpass the US in AI” thanks to the…
OpenAI has raised concerns about Chinese artificial intelligence firm Zhipu AI, calling it a major player in China’s bid to dominate the global AI market. In a blog post published Wednesday (June 25), the company said Zhipu AI has made “notable progress” and is on the “front line” of Beijing’s push to expand its AI…