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AI & Enterprise

Open-source AI models rise globally as U.S. companies join in

Open-source AI models are moving from challengers to the mainstream in the global AI industry. Chinese companies such as DeepSeek, Z.ai and Moonshot AI are releasing open-weight models, and U.S. firms are also joining the trend, putting pressure on closed-model leaders OpenAI and Anthropic. Moonshot AI unveiled its Kimi K3 model, while U.S. startup Thinking Machines Lab introduced its first model as open-weight. The shift is also influencing stock markets and corporate strategies.

Crypto

Bitcoin holds near $64,000 as Middle East tensions lift spot ETF inflows

Bitcoin is moving sideways in the $63,000 to $64,000 range amid the fallout from U.S. strikes on Iran and Washington-led tensions with China. Risk assets fell across Asia and U.S. stock futures pointed lower, while oil neared $79 a barrel. In Washington, Donald Trump released classified information and claimed China obtained 220 million voter records, which China’s embassy denied. Spot bitcoin ETF flows turned positive, led by BlackRock’s IBIT.

AI & Enterprise

Xi proposes AI cooperation with developing countries, warns against excessive security focus

Chinese President Xi Jinping proposed expanding artificial intelligence cooperation with developing countries and urged that AI security not be overly broadly interpreted. Speaking at the World Artificial Intelligence Conference in Shanghai, Xi said countries should jointly advance AI and support developing nations. He said China would offer 5,000 participation opportunities in AI education and seminar programmes and would pursue cooperation with groups including ASEAN, the Arab League and the African Union.