Beijing ModelBest Technology has registered for IPO tutoring with China’s securities regulator, making it one of the first edge large-language-model developers to test a new STAR Market listing route for AI companies without scale revenue. The filing, dated 12 August 2026, names CITIC Securities as sponsor; the company completed its joint-stock reform on 5 August, … Read more
Brad Lightcap, the COO who built OpenAI’s enterprise business to 25 billion dollars in annualised revenue, has left weeks before a confidential S-1 and a 7 billion dollar buyback at an 852 billion dol
Xiaomi is reorganising XiaoAI around its MiMo base model so one shared AI layer can power phones, cars, homes and robots, protecting its service-distribution position as AI agents reshape how users re
On 6 August, DeepSeek said it plans to raise the pricing of its API services overall in the near term, with a substantial increase expected, and advised users to arrange their usage sensibly. Specifics will follow an official notice. DeepSeek currently runs a peak-and-off-peak schedule. On weekdays, peak hours, Beijing time 09:00 to 12:00 and … Read more
On 9 August, Apple’s China website briefly published a Mac support guide stating that the China-version Apple Intelligence would work with Alibaba’s Qwen large model, which the market read as a sign that Apple’s China AI was finally landing. The document was taken down in under a day, and the site now keeps only the … Read more
On 28 July, the Trump administration’s FCC updated its controlled list, adding two categories of foreign-made equipment: advanced robots and networked power inverters. The FCC argues such products pose an unacceptable risk to US national security or public safety. An exemption path exists: the Defence Department, and for inverters the Homeland Security Department, can grant … Read more
Moore Threads, the Chinese GPU designer that listed on Shanghai’s STAR Market in December 2025, plans a secondary offering in Hong Kong less than a year later. The company disclosed the plan alongside first-half results showing revenue of 1.736 billion yuan, up 147 per cent year on year. Moore Threads is pitching its KUAE ten-thousand-card … Read more
Arm China has bet its entire product roadmap on AI. At WAIC 2026 this month, the company unveiled upgrades across all four of its IP lines, NPU, CPU, SPU and VPU, alongside three newly formalised business tracks covering Edge AI, Physical AI and Cloud AI. The strategic pivot was set last year under the “AI … Read more
Elon Musk wants to put AI data centres in orbit. A Chinese energy company has already put one in the Gobi desert, and it is running on 100 per cent green power today. SpaceX raised 75 billion dollars in its listing, a record for a first round, and by the third trading day it had … Read more
Musk approved the third-generation Optimus at the end of June, with a supply target of 1,000 units a week in September and 100,000 sets of parts a year, even as Chinese rivals pull ahead on volume.