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Alibaba unveiled its Zhenwu V900 AI chip and confirmed plans for a Qwen model of up to 10 trillion parameters, alongside a target of more than 20 gigawatts of cloud capacity by 2032.
Xiaomi released MiMo-V2.6-Pro and Flash under an MIT license, with Pro becoming the top scoring open weight model on Artificial Analysis’ Intelligence Index at a fraction of frontier lab training costs.
Alibaba’s Qwen3.8-Omni-Flash combines audio, video, image, and text understanding with agentic tool use, cutting audio input costs by more than 98 percent.
The FBI, NSA and CISA jointly accused six Chinese AI companies of systematically distilling US models including Claude and ChatGPT since 2024, calling it their core development strategy.
Nvidia is building hardware optimizations for Chinese AI models like DeepSeek and Qwen, even as it warns regulators that US restrictions on such models could hurt its business.
Alibaba launched Wan3.0, an AI video model that turns business documents into 30-second clips, a day after raising $10.2 billion in Hong Kong’s largest-ever follow-on share sale.
Alibaba’s profit fell about 75% in the June quarter as AI infrastructure spending jumped 75%, even as cloud revenue grew 45% and the company touted its new Qwen3.8-Max model.
Trump-backed World Liberty Financial is working with WorldClaw, an AI platform offering restricted Chinese models, letting the family profit as its stablecoin is used for payment.
The US is preparing to warn dozens of countries they must choose between its Pax Silica AI coalition and China’s competing framework, or risk exclusion, according to a leaked draft.
Investors expect Anthropic to target a valuation of $2 trillion or more in an October IPO, which would be the largest listing in history, driven by surging revenue.
Alibaba released the open weights for Qwen3.8-Max, a 2.4-trillion-parameter model it says trails only Anthropic’s Fable 5, its first openly released flagship-class system.
Alibaba has launched Qwen 3.8 Max, a 2.4-trillion-parameter mixture-of-experts model with 1M context and aggressive API pricing.
Alibaba released Qwen Audio 3.0 TTS, a speech model that ranks first on an independent text-to-speech leaderboard, clones voices across 16 languages and costs a third of ElevenLabs.
Treasury Secretary Scott Bessent said the US could sanction Chinese AI companies found to have distilled American models, claiming officials have found US “watermarks” in Chinese systems.
Small language models trade raw power for efficiency, making them the practical choice when speed and cost matter more than scale.