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Tencent open-sources Agent Memory to cut AI token consumption by 61%
The open-source tool addresses context window limitations for AI agents in long tasks through context offloading and task canvas technologies.
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Former Alibaba AI core figure Lin Junyang founds new lab, seeks $2 billion valuation
The former head of Tongyi Qwen research is raising hundreds of millions of dollars, with HongShan Capital and Gaorong Capital participating in investment talks.
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Kuaishou plans to spin off Kling AI in $2 billion funding round with Tencent
Kuaishou is planning to spin off its video-generation AI model, Kling AI, seeking to raise $2 billion at a $20 billion valuation, with Tencent in talks to participate in the investment.
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Alibaba integrates AI model Qwen with Taobao to create conversational shopping experience
Alibaba has officially integrated its AI platform Qwen with Taobao, aiming to replace traditional keyword searches with conversational AI shopping.
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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.









