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Scott Wilson argues the frontier AI labs have taken on enormous spending commitments just as cheaper Chinese models close the performance gap
Shares of Chinese AI model developers fell after a report that the country’s regulators have opened a probe into startups DeepSeek and Moonshot AI over data security concerns.
All of China's AI models combined generate only about 10% of OpenAI's revenue, yet several Chinese startups carry higher valuation multiples than their U.S. rivals
The Hong Kong-listed company is selling new shares at a 9.96% discount and issuing zero-coupon bonds due 2027
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