Alibaba-backed startup Moonshot released on late Friday night its Kimi K2 model, touting performance that rivals many U.S. models.

The Trump White House says it's content to allow Nvidia to tap into the lucrative Chinese market. "We don't sell them our best stuff, not our second best stuff, not even our third best," Commerce Secretary Howard Lutnick said on CNBC Tuesday afternoon.

American officials have quietly been grading Chinese artificial intelligence programs on their ability to mold their output to the Chinese Communist Party's official line, according to a memo reviewed by Reuters.

In a fresh twist to the growing AI rivalry, Alibaba-backed startup Moonshot has unveiled its latest large language model, Kimi K2, designed to take on the likes of OpenAI’s ChatGPT and Anthropic’s Claude Opus 4.

NVIDIA's upcoming China-specific B30 AI GPU has estimated 75% of the performance of H20, with demand for B30 'significant' and orders already placed.

Chinese artificial intelligence startup Moonshot AI released a new open-source AI model on Friday, joining a wave of similar releases from local rivals, as it seeks to reclaim its position in the competitive domestic market.

In April 2025, the U.S. expanded restrictions to include the Nvidia H20 chip, a China-specific version designed to comply with earlier export rules.

AsianFin -- In Singapore, “there are endless AI meetups to attend,” says Huang Lin, founder of Linkda. A seasoned entrepreneur who has lived in Singapore for over a decade, Huang has helped hundreds of Chinese companies expand into the city-state—one-third of them AI startups.