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Baidu releases Ernie 5.1 with pre-training cost at only 6% of industry peers
Baidu has launched the Ernie 5.1 model, achieving a leapfrog optimization in parameter size and computing overhead.
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DeepSeek rolls out image recognition feature ahead of V4.1 update
DeepSeek rolled out its image recognition mode to all users, officially entering the era of image-text interaction.
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DeepSeek reportedly seeks over $7 billion in funding, setting Chinese AI record
DeepSeek is seeking to raise 50 billion yuan ($7.35 billion), which could become the largest AI funding round in China to date.
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Chinese AI startup StepFun nears $2.5 billion funding ahead of Hong Kong IPO
StepFun is on the verge of completing a new funding round of nearly $2.5 billion as it accelerates its push for a Hong Kong IPO.
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IDC expects China's token consumption to surge 20-fold in 2026
IDC expects China's token consumption to surge 20-fold in 2026 compared to 2025, with total annual consumption poised to reach 40 quadrillion.
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Kimi maker Moonshot to raise $2 billion at $20 billion valuation
Moonshot is poised to close a new $2 billion funding round, pushing its latest valuation past $20 billion.
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China's chip fund in talks to lead DeepSeek funding at $45 billion valuation, report says
China's state-backed semiconductor investment fund is seeking to lead DeepSeek's first fundraising round.
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Ant Group builds new AI product Muse to expand its generative tech ecosystem
Ant is developing a new AI product called Muse, focusing primarily on idea generation and content creation.
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Ant Group open-sources Ling-2.6-1T model, focusing on token efficiency and real-world tasks
Ant Group officially open-sources its trillion-parameter flagship model Ling-2.6-1T, prioritizing complex task execution and token efficiency.
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China's 2025 AI token usage hits 21.1 quadrillion amid exponential growth
China's cumulative AI token usage reached about 21.1 quadrillion in 2025, with the daily average experiencing a hundredfold explosive growth within the year.
