Juro Osawa

Alibaba Group CEO Eddie Wu said Wednesday that the company expects its annualized revenue from AI model and application services to surpass 10 billion yuan ($1.47 billion) in the current quarter through June, and top 30 billion yuan ($4.4 billion) by the end of this year. It was the first time Alibaba has disclosed revenue figures for AI-specific services.The Chinese e-commerce and cloud

U.S. Trade Representative Jamieson Greer said in an interview with Bloomberg TV on Friday that U.S. chip export controls were “not a major topic of discussion” at the bilateral meeting between U.S. President Donald Trump and Chinese President Xi Jinping“We did not talk about chip export controls at the meeting,” Greer said in the interview.Even though Washington has eased its

Anothropic published a new paper on Friday that calls for the U.S. to make sure China’s access to advanced chips is restricted, in the same week when President Donald Trump is in Beijing on a high-stakes state visit to China.In the paper, entitled “2028: Two Scenarios for Global AI Leadership,” Anthropic said if the U.S. loosens its restrictions on China’s access to compute, China could

Chinese personal computer and server maker Lenovo Group said in an internal memo to staff last week that there have been no new licenses or policies regarding Nvidia’s H200 chips since March, when Washington approved the sales of the chips to some Chinese companies.Last week, Reuters and other media outlets reported that the U.S. Commerce Department had approved Nvidia’s sales of its H200

Alibaba Group’s semiconductor design unit on Wednesday unveiled a new chip that can be used to train and run AI models. The move comes as the Chinese government pushes to accelerate the adoption of homegrown AI chips to reduce the country’s dependence on Nvidia.Alibaba said the new AI chip, Zhenwu M890, delivers three times the performance of its predecessor. It is “exceptionally well-suited”

Chinese social media giant Kuaishou Technology said on Wednesday that its Kling AI video business reached an annualized revenue of about $500 million in March.Kling, which develops and sells AI video generation models, generated more than 650 million yuan ($96 million) in revenue in the first quarter of this year, up more than 300% from a year earlier, Kuaishou said. Kling’s app had 412.7

TikTok owner ByteDance is developing a new chip to run artificial intelligence models as part of an aggressive expansion of its homegrown AI infrastructure. The new AI chip is intended to have a structure similar to U.S. chip designer Groq’s language processing units, which are built to run AI ...

Chinese AI developer MiniMax on Monday launched a new large language model called M3, saying the new model’s coding capability approaches that of Anthropic’s Opus 4.7, which was released in April.The new MiniMax model is particularly suitable for coding and complex multi-step tasks for AI agents, according to the company. It can understand text, images and video in prompts. MiniMax’s M3 costs

Chinese AI lab DeepSeek has closed its first funding round that raised more than 50 billion yuan ($7.4billion) under an unusual deal structure, according to two people with direct knowledge of the matter. The funding round, which values the large-language model developer at more than $50 ...

The early Chinese backers of AI firm Manus are planning to buy the firm back from Meta Platforms at the $2 billion price Meta paid, in response to a Chinese government order that the deal be reversed, according to two people with direct knowledge of the matter. While the government’s order has ...