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AI & Enterprise

U.S., China step up next-generation LLM race as big tech reshapes coding AI

Competition in large language models is intensifying as leading AI companies in the United States and China release new systems more frequently. OpenAI unveiled GPT-5.5 and began distributing it to paying ChatGPT users, while Anthropic launched Claude Opus 4.7. China’s DeepSeek released preview versions of V4 and Moonshot AI unveiled Kimi-K2.6. The coding AI market is also being reshaped by capital-heavy companies, including SpaceX securing an option to acquire Cursor for $60 billion.

AI & Enterprise

Moonshot AI releases open-source LLM Kimi-K2.6

Chinese AI startup Moonshot AI has unveiled the latest version of its open-source large language model series, Kimi-K2.6, SiliconANGLE reported on Monday. Moonshot AI says Kimi-K2.6 outperforms GPT-5.4 and Claude Opus 4.6 across multiple AI benchmarks. The model is based on the SwiGLU activation function and uses a mixture-of-experts structure with 384 experts, activating eight per prompt to reduce hardware use. It also includes a vision encoder and can run up to 300 agents in parallel.

AI & Enterprise

AI coding startup Cursor nears $2 billion funding at $50 billion valuation

AI coding startup Cursor is in talks to raise more than $2 billion in new funding at a $50 billion valuation, Bloomberg News reported, citing four people familiar with the matter. Existing investors Thrive and Andreessen Horowitz are expected to lead the round. Battery Ventures may participate, and Nvidia is also expected to invest. Bloomberg said the round is already oversubscribed, but final terms are not set.