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AI & Enterprise

U.S., China accelerate AI investment race as U.S. relies on Big Tech, China on state funds

Rising funding for the U.S. and Chinese artificial intelligence industries is intensifying investment competition between the two countries. Global AI startup investment reached $255.5 billion in the first quarter of 2026, while Chinese AI ventures separately raised more than 110 billion yuan. China is accelerating state-led funding for AI, semiconductors and advanced manufacturing, and has launched a 1 trillion yuan national guidance fund. Both countries have also tightened measures to protect domestic industries.

AI & Enterprise

Big Tech stirs on personal AI agents as SaaS-pocalypse wavers

Competition over AI agents is intensifying across the tech industry, with big tech accelerating work on personal AI assistants and platforms to manage enterprise agents. Microsoft has launched Agent 365, while ServiceNow and AWS expanded a partnership on agent governance and development tools. Shares of enterprise software firms have recently recovered amid talk of companies breaking through the “SaaS-pocalypse” narrative. The article also rounds up moves by OpenAI, Anthropic and others.

AI & Enterprise

China\'s Moonshot AI raises $2 billion at $20 billion valuation

Chinese AI model developer Moonshot AI raised $2 billion at a $20 billion valuation, TechCrunch reported on Wednesday. The round was led by Long-Z Investment, the venture capital arm of Meituan, with participation from Tsinghua Capital, China Mobile and CPE Yuanfeng. TechCrunch said Moonshot has raised $3.9 billion over the past six months and that its valuation rose from $4.3 billion at end-2025 to $10 billion in early 2026.