21 June 2025

Alibaba, Tencent-backed AI unicorn MiniMax eyes Hong Kong listing, report says

Alibaba, Tencent-backed AI unicorn MiniMax eyes Hong Kong listing, report says

Chinese artificial intelligence (AI) start-up MiniMax, which counts Alibaba Group Holding and Tencent Holdings as investors, is moving towards an initial public offering (IPO) in Hong Kong as early as this year, according to media reports. Shanghai-based MiniMax, whose last funding round in March 2024 valued the company at US$2.5 billion, was in the “early […]

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How Huawei’s Ascend AI chips outperform Nvidia processors in running DeepSeek’s R1 model

How Huawei’s Ascend AI chips outperform Nvidia processors in running DeepSeek’s R1 model

Jointly written by researchers from Huawei and Chinese AI infrastructure start-up SiliconFlow, the paper described CloudMatrix 384 as a specialised “AI supernode” that is purpose-built for handling extensive AI workloads. Huawei expected CloudMatrix “to reshape the foundation of AI infrastructure”, according to the paper released this week. It consists of 384 Ascend 910C neural processing

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Huawei opens HarmonyOS 6 to developers, unveils AI agents and cloud architecture updates

Huawei opens HarmonyOS 6 to developers, unveils AI agents and cloud architecture updates

Huawei Technologies has unveiled the latest version of its proprietary operating system (OS), HarmonyOS 6, new artificial intelligence (AI) models and its CloudMatrix 384 AI rack architecture, as the Chinese technology giant accelerates efforts to build out its in-house software ecosystem in the face of ongoing US sanctions. The company introduced a beta version of

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How Huawei’s silicon strategy defies US sanctions to advance China’s AI ambitions

How Huawei’s silicon strategy defies US sanctions to advance China’s AI ambitions

Huawei’s advanced AI chip initiative, however, suddenly faced a major obstacle a year later in August 2020, when the US Commerce Department tightened restrictions by barring the sale of semiconductor products and services – sourced from anywhere with US technology – to the company and its affiliates without a requisite licence. As a result, Huawei

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