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AI & Enterprise

Shares fall, losses widen: China\'s open-weight AI dilemma

Open-weight AI models promoted by Chinese developers are drawing technical attention but are facing worsening profitability, Business Insider reported. Unlike open-source software, wider use raises inference costs because each response requires chips, power and data centre resources. Z.ai posted $107 million in revenue and nearly $500 million in losses last year, while its shares have fallen more than 40 percent in the past month. MiniMax also reported losses and a sharp share drop. Moonshot AI paused new registrations after releasing Kimi K3 due to a lack of computing resources.

Industry

Sunday Robotics unveils home robot AI that folds laundry in unfamiliar homes

A home-robot artificial intelligence model that can fold unfamiliar clothes in unfamiliar homes has been unveiled. U.S. startup Sunday Robotics announced its new AI model, ACT-2, for its wheeled home robot Memo. The company said Memo achieved a success rate of more than 99 percent in tests involving untrained clothing and unfamiliar home environments. It also proposed SOLVE as a standard for evaluating how reliably robots perform in real settings.

AI & Enterprise

Truth behind chip stock fall from China AI models

Chinese AI startups are stepping up challenges to OpenAI and Anthropic, with models such as DeepSeek V4, Z.ai’s GLM 5.2 and Moonshot AI’s upcoming open-source Kimi K3 drawing attention. The Kimi K3 announcement coincided with sharp falls in U.S.-listed chip and AI infrastructure-related shares, including Nvidia and Micron. The moves have fuelled questions over whether demand for expensive AI hardware will meet expectations as efficient, open-source Chinese models gain share.