Juro Osawa

Chinese AI developer MiniMax launched M3, a new large language model designed for coding and complex multi-step tasks. The company claims M3's coding capabilities match those of Anthropic's Opus 4.7, released in April. The launch reflects intensifying competition in open-source AI coding models among Chinese and Western developers.

Kuaishou Technology's Kling AI video generation unit reached approximately $500 million in annualized revenue as of March 2026, based on first-quarter performance. The Chinese social media company disclosed that Kling generated over $96 million in revenue during the first quarter alone. This milestone reflects growing commercial traction in the AI video generation market, where demand for synthetic video tools continues to expand.

Qualcomm has secured a deal to supply AI data center chips to ByteDance, according to Bloomberg. The agreement marks Qualcomm's push to expand beyond smartphone processors into the competitive AI computing chip market. The deal reflects growing demand from major tech companies for specialized AI infrastructure.

CATL, China's leading EV battery manufacturer, plans to invest in DeepSeek's first funding round, which targets 50 billion yuan ($7.35 billion) and could close next month. The investment reflects CATL's strategic pivot toward supplying power equipment to AI data centers. DeepSeek's post-money valuation could exceed 350 billion yuan ($51.4 billion) following the round.

Alibaba's semiconductor design unit unveiled a new AI chip designed for training and running AI models, marking a significant step in China's broader push to reduce dependence on Nvidia through domestic chip development. The move reflects government pressure to accelerate adoption of homegrown AI semiconductors and build indigenous capability in a critical technology area. The chip represents Alibaba's contribution to China's strategy of developing competitive alternatives to foreign AI hardware.

Lenovo's internal memo to staff reveals that no new export licenses or policies for Nvidia's H200 chips have been issued since March, when the U.S. approved sales to select Chinese companies. The memo signals uncertainty around the pace and scope of H200 adoption in China despite the regulatory green light. This suggests potential friction between U.S. policy approval and actual market execution, with implications for both Nvidia's China revenue and Chinese server makers' AI infrastructure plans.

Anthropic published a research paper Friday calling for stricter U.S. chip export restrictions to China, timed to coincide with President Trump's state visit to Beijing. The paper, titled '2028: Two Scenarios for Global AI Leadership,' argues that limiting China's access to advanced semiconductors is critical for maintaining U.S. AI competitiveness. The move puts Anthropic at the center of ongoing geopolitical tensions over AI development and chip supply chains.

The U.S. Commerce Department has approved Nvidia's H200 chip sales to approximately 10 Chinese companies, including major tech firms Alibaba, Tencent, ByteDance, and JD.com. The clearance signals a shift in Washington's approach to AI chip export restrictions, which have been a central point of U.S.-China tech competition. The decision affects some of China's largest technology players and suggests the Biden administration is recalibrating its stance on semiconductor access for Chinese enterprises.

Junyang Lin, the former lead researcher behind Alibaba's Qwen language models, has launched a new AI lab and is raising several hundred million dollars in funding. The lab is expected to reach a $2 billion valuation after this funding round. Lin's departure from Alibaba and immediate move to start a competing venture signals both the competitive talent dynamics in large language model development and the capital appetite for new AI research initiatives outside established tech giants.

Kuaishou Technology confirmed via regulatory filing that its board is evaluating a restructuring of Kling, its AI video generation unit, that could involve external funding. The move follows earlier reporting and signals the Chinese social media company's intent to potentially spin out or partially divest the video AI business. The filing does not specify funding amounts, timelines, or the structure of any capital raise.

Kuaishou Technology, a Chinese social media platform, is planning to spin off its Kling AI video generation unit ahead of an IPO next year. The company is in talks with investors for a pre-IPO funding round that would value Kling at $20 billion. Kling competes directly with AI video models from ByteDance, Google, and Alibaba, positioning the spinoff as a way for Kuaishou to capitalize on investor appetite for standalone AI businesses.

Chinese tech startups including Moonshot AI and DeepRoute.ai are reconsidering their corporate structures, moving from overseas incorporation to domestic Chinese registration. The shift follows signals from China's securities regulator that it will be less likely to approve IPOs for companies incorporated outside the country. This regulatory stance emerges in the wake of China's forced unwinding of Meta's acquisition of AI agent startup Manus, signaling tighter government control over foreign investment in Chinese AI firms.

Meta is preparing to unwind its $2 billion acquisition of Manus, an AI agent application company, after Chinese regulators ordered the parties to revoke the deal. The reversal could prove operationally complex given the integration work likely underway since the acquisition closed. This marks a significant setback for Meta's AI agent strategy and reflects growing regulatory scrutiny of cross-border tech acquisitions involving AI capabilities.

Tencent's latest AI model, Hy3, has received positive developer feedback, but the company appears to have leveraged Anthropic's Claude to help evaluate and fine-tune the system, according to internal memos and sources with direct knowledge. This is notable because Anthropic officially restricts access to its models and services in countries deemed U.S. adversaries, including China. The disclosure raises questions about how AI capabilities are being shared across geopolitical boundaries and the practical limits of export controls in the AI sector.

Tencent launched an international version of QClaw, an AI agent built on its OpenClaw framework, on Tuesday. The move marks the company's expansion beyond China after releasing multiple OpenClaw-based products domestically over recent months. QClaw had generated significant interest in its initial rollout, prompting Tencent to pursue global distribution. The launch signals Tencent's intent to compete in the global AI agent market alongside other major tech companies.

Anthropic has begun requiring government-issued photo ID and facial verification from some customers, escalating its enforcement of restrictions on access from countries deemed U.S. adversaries, including China, Russia, and North Korea. The policy shift follows a year of incremental steps to block users in these regions. At least one Beijing-based AI startup founder lost access to Claude Code following the announcement, prompting him to switch to OpenAI's Codex as an alternative, though OpenAI maintains similar geographic restrictions without requiring ID verification.

Moonshot AI, a Beijing-based startup, released its Kimi K2.6 model with claimed advances in coding capabilities, timing the launch ahead of DeepSeek's anticipated V4 release, which also emphasizes coding performance. The move reflects intensifying competition among Chinese AI labs to establish dominance in code generation and developer-focused applications. Both releases signal a strategic focus on coding as a key differentiator in the broader AI model race.

Victory Giant Technology, a Chinese manufacturer of printed circuit boards for AI servers and a key Nvidia supplier, surged 60% on its Hong Kong Stock Exchange debut. The jump reflects investor appetite for companies positioned in the AI infrastructure supply chain as demand for AI server hardware accelerates globally. The company's strong market reception signals confidence in sustained demand for the components that underpin large-scale AI deployments.

ByteDance's cloud unit BytePlus has launched Seedance 2.0, its AI video generation model, to enterprise customers across more than 100 countries and regions globally. The rollout notably excludes the United States, and it remains unclear whether BytePlus intends to offer the model to U.S. customers. The move reflects ByteDance's strategy to expand its AI capabilities internationally while navigating geopolitical constraints that have limited its operations in the American market.