Tencent has unveiled Hy4 Preview, an open-source Mixture-of-Experts (MoE) model, marking a significant escalation in China's AI arms race. The model, which builds on the previous Hy3's 295 billion tot…
China's daily AI token call volume exceeded 500 trillion as of June 2026, according to industry reports, as large-model applications expand across sectors. Model update cycles have shortened from roug…
Tencent's 770B-parameter Hy4 preview model, a Mixture-of-Experts architecture with 49B activated parameters per token, is now deployable locally via prebuilt Docker images for vLLM and SGLang, requiri…
Tencent's Hy4 Preview, an open-source Mixture-of-Experts model with 770B total parameters and 49B active per token, is now available on Vercel's AI Gateway, supporting a 1M-token context window for lo…
Tencent released Hy4 preview, a 770B-parameter open-weight Mixture-of-Experts language model with 49B active parameters and a 1M token context window, under Apache 2.0. In a blind evaluation across 20…
Tencent's WeChat Vision team has open-sourced WeMM-Embedding, a family of multimodal embedding models for representing and matching text, images, videos and other content types, with 2B, 4B and 9B ver…
MiniMax's revenue nearly quadrupled to $116.6 million in the first half of 2026, up 283.1% from $30.4 million a year earlier, but its adjusted net loss widened 111.2% to $293 million. The Shanghai-bas…
MiniMax Group, the Shanghai-based multimodal AI company, reported revenue of $116.6 million for the first half of 2026, a 283.1% increase from $30.4 million in the same period last year, driven by a 7…
Short-selling volumes for Zhipu AI (Z.AI Co.) and MiniMax Group Inc. hit all-time highs in June 2026, with Zhipu recording 178,900 shares shorted (HK$430 million) and MiniMax 239,700 shares (HK$141 mi…
AI desktop pets are evolving from nostalgic digital companions into visual proxies for autonomous agents, with Tencent's Hunyuan Hy3 large model enabling generative intelligence and memory. These new …
XPeng's robotics business raised over $900 million at a post-money valuation above $6.3 billion, led by IDG Capital with participation from Gaorong Ventures and strategic investments from Tencent and …
Tencent released EVE Preview 4.5B, a 4.5 billion parameter visual document retriever that matches text queries against document page images directly without OCR, ranking first on ViDoRe V3 and earlier…
A developer who built the Muninn memory system with an AI partner missed the submission window for the Agent Memory Leaderboard, so they ran the benchmark's public pipeline themselves and reported an …
Dogotix, the humanoid robotics unit of XPeng Motors, raised more than $900 million in its initial funding round, bringing its post-money valuation to over $6.3 billion. The company plans to use the fu…
China's AI race is shifting from model development to infrastructure and business sustainability, with Alibaba and Tencent pursuing contrasting strategies: Alibaba is rebuilding around AI infrastructu…
XPeng's robotics business raised over $900 million at a post-money valuation of more than $6.3 billion, the largest single-round private financing in China's embodied AI industry, led by IDG Capital w…
XPeng Robotics, the robotics arm of Chinese electric vehicle maker XPeng Inc., raised over $900 million at a post-money valuation of $6.3 billion, in a round co-led by IDG Capital and Gaorong Ventures…
Alibaba Group Holding Ltd. priced a placement of 710 million new Hong Kong-listed shares at HK$112.70 each, raising HK$80 billion (US$10.21 billion), with the transaction expected to close on Aug. 26.…
Taiwan Semiconductor Manufacturing Company reported July 2026 revenue of NT$467.58 billion ($14.5B), up 44.7% year-over-year, driven by AI demand that accounted for 66% of second-quarter revenue. Mean…
Alibaba Group Holding Ltd. announced a proposed Hong Kong share placement worth HK$80 billion ($10.2 billion) to fund its AI infrastructure spending, after reporting a 76% drop in net income to RMB10.…