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Crypto Breaking News

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Bloomberg

AI Pioneer Lee's Startup Eyes Hong Kong IPO Next Year

Artificial Intelligence Pioneer Kai-Fu Lee's Chinese AI startup is pushing ahead with plans to raise funds before an initial public offering in 2027. 01.AI is a company that develops open-source AI models, and Lee says its 'financial numbers are ready right now, but it's a matter of going through the process'. He speaks with Minmin Low from the sidelines of 'The 2026 World AI Conference' in Shanghai.

Read more: AI Pioneer Lee's Startup Eyes Hong Kong IPO Next Year
Bloomberg

Moonshot's Kimi K3 Model Surprises Wall Street and Silicon Valley

George Chen, Partner and Digital Practice Chair at The Asia Group, discusses his outlook for China's strategy for AI development, as players like Moonshot AI release models that are more advanced open-weight, that can outperform all rivals except for Anthropic's Claude Fable and OpenAI's GPT-5.6 on overall capability. He speaks on the sidelines of the World AI Conference in Shanghai on "Bloomberg: The Asia Trade".

Read more: Moonshot's Kimi K3 Model Surprises Wall Street and Silicon Valley
Bloomberg

The Asia Group's Chen on China AI outlook

George Chen, Partner and Digital Practice Chair at The Asia Group, discusses his outlook for China's strategy for AI development, as players like Moonshot AI release models that are more advanced open-weight, that can outperform all rivals except for Anthropic's Claude Fable and OpenAI's GPT-5.6 on overall capability. He speaks on the sidelines of the World AI Conference in Shanghai on "Bloomberg: The Asia Trade".

Read more: The Asia Group's Chen on China AI outlook
Bloomberg

Matrix Robotics Sees Profitability Within 12 Months

Allen Zhang, Founder and CEO of Matrix Robotics, expects advances in computing power and declining costs to drive a tenfold reduction in the company's robot prices over the next 24-36 months. He also forecasts that the company will achieve profitability within the next 12 months. He spoke on the sidelines of the World AI Conference in Shanghai.

Read more: Matrix Robotics Sees Profitability Within 12 Months