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AI & Enterprise

AI price war intensifies as open-source AI becomes global mainstream

Price competition among AI companies is intensifying as Chinese firms expand global share with cost-effective open-source models and leading U.S. companies respond with price cuts. DeepSeek’s new coding model V4 Flash drew attention for performance close to Anthropic’s Claude Opus 4.8 at a far lower price. Interest is also rising in open-weight models, including for video generation. In South Korea, companies are moving ahead of an August evaluation for a government-led foundation model project.

AI & Enterprise

MiniMax unveils H3 video generation model amid open-weight push

Chinese AI company MiniMax on Thursday unveiled H3, a new video generation model that can process text, images, video and audio together, Reuters reported. The Shanghai-based company said H3 can create videos up to 15 seconds long in 2K resolution with native stereo sound. It also supports editing and transferring motion from one video to another using different prompts and reference material. MiniMax plans to release the model weights within days.

AI & Enterprise

Alibaba\'s AI and semiconductor bets pay off, from CXMT to Zhipu AI

Alibaba Group Holding is posting large unrealised gains from investments in Chinese memory chipmaker CXMT and generative AI startups, after shifting away from large retail takeovers. It holds about 5 percent of CXMT, valued at more than 140 billion yuan, after investing about 7.6 billion yuan since 2021. Alibaba has also backed Zhipu AI and other Chinese AI startups, while continuing investments in semiconductors, data centres and robotics.