AI & Enterprise

China releases top AI for free in 'open-weight strategy' targeting U.S. big tech

Chinese artificial intelligence firms are releasing high-performance open-weight models for free, putting pressure on U.S. big tech companies that rely on closed AI platforms. The Verge reported that Moonshot AI’s Kimi K3 is seen as matching some top U.S. models at lower cost and is widening the fight to control the developer ecosystem. Analysts say open weights can still generate revenue through infrastructure and services. The trend is also tied to Beijing’s industrial strategy and policy debates in the United States.

Finance

Korean stocks may rebound after Black Tuesday; brokers see leaders regaining strength

South Korean shares plunged more than 10 percent in a day, prompting brokerage analysts to flag a higher chance of a short-term rebound after an outsized drop. They said the selloff likely reflected position unwinds in semiconductors and leverage products amid thin liquidity rather than a new recession signal. Analysts cautioned against reading an initial bounce as a trend reversal, urging investors to watch foreign flows, the won-dollar rate and corporate earnings.