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AI & Enterprise
Kuaishou AI video unit Kling raises $2 billion, valued at $18 billion
Kuaishou Technology\'s AI video subsidiary Kling has raised about $2 billion from investors, the Wall Street Journal reported on Thursday. The company said the total funding could increase to as much as $3 billion with additional investor participation. After the fundraising, Kuaishou\'s stake in Kling could fall to 68.33 percent. The investment lifts Kling\'s valuation to $18 billion, as Kuaishou pursues a restructuring.
AI & Enterprise
DeepSeek to double peak-hour fees for V4 model API from July
Chinese AI unicorn DeepSeek will double peak-hour usage fees for its V4 model API, shifting its pricing strategy after sparking a price war with deep discounts. The company told subscribers it will raise V4 API prices during peak hours of 9 a.m. to noon and 2 p.m. to 6 p.m. Beijing time. The changes will take effect when the full V4 version goes online in mid-July.
Industry
China\'s CXMT signs long-term server DRAM supply deal worth $2.94 billion with Tencent
China\'s ChangXin Memory Technologies (CXMT) has signed a long-term supply agreement with Tencent for server DRAM worth more than 20 billion yuan ($2.94 billion), Reuters reported, citing three people with knowledge of the matter. DRAM is a key memory used in servers to process data needed for software and AI tasks. The deal comes as global memory supply tightens and as CXMT prepares a 29.5 billion yuan IPO on Shanghai\'s Star Market.
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AI & Enterprise
China\'s AI market share surges, accelerating reset of global AI landscape
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AI & Enterprise
China AI server chip market sees domestic share near 80 percent, narrowing Nvidia\'s footing
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AI & Enterprise
ByteDance unveils Seedance 2.5 AI video generation model for up to 30-second clips
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AI & Enterprise
Microsoft expands GPT model supply to Chinese big tech, OpenAI workaround supply chain emerges
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AI & Enterprise
JPMorgan says China\'s AI battleground is business value, not performance
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AI & Enterprise
ByteDance\'s Doubao loses 6.1 million users after signalling paid subscription
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AI & Enterprise
Arm says agent AI could more than quadruple datacentre CPU core demand
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AI & Enterprise
U.S., China accelerate AI investment race as U.S. relies on Big Tech, China on state funds
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AI & Enterprise
Former Tencent AI chief says LLMs cannot beat U.S., points to AI video as next battleground
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AI & Enterprise
Nvidia makes first delivery of Vera CPU for AI agents, including SpaceX and OpenAI
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AI & Enterprise
Nvidia hits record high after approval to sell H200 to China, surpasses silver by market cap
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AI & Enterprise
Sensetime wages all-out push with low-cost AI strategy
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AI & Enterprise
DeepSeek founder Liang Wenfeng out of sight for 1 year; who is Chen Deri?
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AI & Enterprise
DeepSeek launches new V4 model preview versions
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Telecommunications & Media
AI reshapes media from production to distribution