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“Qwen Panic”: How Alibaba’s AI Ambitions Are Shaking Silicon Valley
"Qwen Panic" captures Silicon Valley's unease as Alibaba's AI advances challenge U.S. dominance, with its open-source Qwen models and ChatGPT-competing app reshaping the competitive landscape.
Newsflash
Alibaba Launches Robotics and Embodied AI
News
Xiaomi Responds to Incident of Car Reportedly Driving Off on Its Own
AI
Afari Technology Unveils AI Plan and New Brand
In Chongqing, Afari debuted its brand and “AI + Vehicle” strategy, showcased 8D city smart-driving, and outlined a rapid robotaxi rollout toward large-scale commercialization.
Industry
ByteDance’s Doubao Translation Model Supports 28 Languages, Performance Comparable to GPT-4o
ByteDance debuts Doubao translation model: two-way across 28 languages, performance comparable to GPT-4o, with fluent output and 4K context.
WAIC2025
Zhipu AI Launches GLM‑4.5, an Open-Source 355B AI Model Aimed at AI Agents
Chinese startup Zhipu AI (now rebranded as Z.ai) has open-sourced its new flagship model GLM‑4.5, a 355-billion-parameter foundation AI model. The July 28 ann...
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Digital Twin Firm 51WORLD Launches IPO, Aims to Become Hong Kong’s First “Physical AI” Stock
Digital twin company 51WORLD has launched its Hong Kong IPO, aiming to list on December 30 and become the city's first "Physical AI" stock. The company, known for its synthetic data and simulation platforms, plans to raise up to HK$841 million (approx. $107.8M).
AI Hardware Design Platform Index Technology Raises Nearly RMB 100 Million (approx. US$13.9 million) to Lower Innovation Barriers
AI hardware design platform Index Technology has raised nearly RMB 100 million (approx. $13.9M) in Pre-A funding. Its platform uses AI to generate circuit designs, aiming to drastically cut development time from weeks to days and lower barriers to hardware innovation.
Li Auto Establishes Silicon Valley AI R&D Center, Intensifies Competition for Autonomous Driving Talent
Chinese EV maker Li Auto is establishing an AI R&D center in Silicon Valley to focus on advanced autonomous driving technology. The move aims to tap into global talent to compete in the smart EV sector, following similar steps by rivals NIO and XPeng.
Insta360 Releases Winter Panorama Update, Highlighting Dynamic Tracking 2.0 and Native 4K Output
Insta360's Winter 2025 firmware update introduces Dynamic Tracking 2.0, which now tracks other subjects, and a native 4K export option. The update, alongside new accessories, aims to simplify workflows and enhance creative control for action camera users.
Alibaba’s AI Assistant “Qwen” Integrates Amap, Kicking Off Ecosystem Integration Strategy
Alibaba's AI assistant "Qwen" has integrated with Amap (Gaode Map), marking a key step in its strategy to connect offline services. This transforms Qwen from a chatbot into an AI agent capable of handling real-world tasks like trip planning and location-based recommendations.
Rednote Restructures Core Community Operations, Creates “Live” and “Village” Units to Drive Growth
Amid growth pressure, Rednote has reorganized its community operations, creating “Live” and “Village” departments to focus on PGC video and core community functions. The reshuffle comes as the company, valued at $26 billion, pushes to reach 300 million daily active users.
“China’s Palantir” Xunce Technology Launches Hong Kong IPO, Eyes First Listing in the Large-Model Data Agent Space
AI data infrastructure provider Xunce Technology has launched its Hong Kong IPO, positioning itself to become the first listed “large-model Data Agent” company. Dubbed “China’s Palantir,” it boasts a 124.5% revenue CAGR and backing from Tencent and cornerstone investors.
Race for “China’s First Large-Model IPO”: MiniMax and Zhipu AI Pass Hong Kong Listing Hearing
Two leading Chinese AI unicorns, MiniMax and Zhipu AI, have passed the HKEX listing hearing, accelerating their race to become “China’s first large-model IPO.” MiniMax, which recently secured regulatory approval, could be one of the fastest firms to list under the new overseas filing regime.
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