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AI & Enterprise
China\'s Z.ai first-half revenue surges 400 percent as it shifts to cloud-focused model
Chinese AI company Z.ai said first-half revenue rose 400 percent from a year earlier to 953.89 million yuan, driven by cloud-based deployment and API business. The company posted a smaller overall loss of 2.07 billion yuan, while adjusted net loss widened to 1.96 billion yuan and R&D spending rose to 2.13 billion yuan. Cloud deployment revenue surged and its share of total revenue jumped, but gross margin fell as computing and inference costs weighed on profitability.
AI & Enterprise
Anthropic Claude Code \'backdoor\' row raises hopes for Chinese AI coding tools
China has issued a security warning on Anthropic\'s AI coding tool Claude Code, raising the likelihood that Chinese developers will move faster to domestic alternatives. The National Vulnerability Database said some versions contain a security \"backdoor\" and could transmit location and identity data without user consent. Anthropic said access from China had long been prohibited under its policy. Local observers expect demand to rise for tools from ByteDance, Alibaba, Tencent Cloud and ZhipuAI.
AI & Enterprise
Neocloud market shifts as SoftBank and Meta enter
The neocloud market for AI-focused cloud computing is shifting as major players enter. SoftBank Group and its telecom unit SoftBank plan to start a neocloud business next fiscal year, renting AI computing resources to U.S. companies. Meta is also stepping up plans to use its data centres for cloud services. Nvidia is expanding support for smaller cloud firms that lease its GPUs. Big cloud companies are also building forward deployed engineer teams for enterprise AI.
