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Anthropic chief executive Dario Amodei denied that his company ever sought a ban on open-weight AI models, and named three policy steps he backs instead. Key Points: Amodei said Anthropic has never advocated a ban on open-weights models as a category. He wants chip export controls, a distillation cr

Shares of CXMT surged more than 500% on their Shanghai debut Monday, lifting the Chinese memory chipmaker's market value to $539 billion, or 3.65 trillion yuan. Key Points: CXMT touched 54.65 yuan intraday against an IPO price of 8.66 yuan, overtaking Industrial and Commercial Bank of China as the m

Michael Kratsios, the White House science and technology adviser, accused China's Moonshot AI of distilling Anthropic's Fable model to build its 2.8 trillion parameter Kimi K3. Key Points: The White House says Moonshot AI ran a hidden platform to pull capabilities out of US frontier models. Official

US officials are weighing restrictions on Chinese open-weight AI models after Moonshot's 2.8 trillion-parameter Kimi K3 outperformed leading American systems, drawing sharp pushback from researchers. Key Points: Kimi K3 topped US frontier models on a major coding benchmark, reviving White House inte

DeepSeek raised roughly 50 billion yuan, or $7.4 billion, in its first external funding round, reaching a $52 billion valuation backed by Tencent and CATL. Key Points: DeepSeek closed a roughly $7.4 billion raise, its first outside funding, at a $52 billion valuation. Tencent came in as the largest