Asian software stocks plunge after U.S. peers decline on fears over AI-led disruption

Engineer working with statistical analysis report. Digital technology and Artificial Intelligence (AI) concept. Kmatta | Moment | Getty Images Wall Street’s fears around artificial intelligence-driven disruption affecting software companies made their way into Asia on Wednesday, with tech stocks in the region tracking declines overnight in U.S. peers. Japanese software firms in Asia led declines…

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One year after DeepSeek, Chinese AI firms from Alibaba to Moonshot race to release new models

BEIJING — Chinese companies are accelerating the rollout of new artificial intelligence models as competition with U.S.-based rivals OpenAI, Anthropic and Google intensifies. Just over a year ago, China-made DeepSeek rocked global markets with the release of an AI chatbot that undercut OpenAI’s ChatGPT on usage fees and production costs, raising questions about the efficacy…

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Foreign investors warm to China’s cheaper AI valuations

This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here. The big story Sitting in his new Beijing office, AI2 Robotics Founder and CEO Eric Guo wistfully reflected on fundraising challenges in China — and noted that U.S.-based…

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