IPO

Its smaller models support context windows of up to 1 million tokens.

Its stock remained about 60% below its June record high despite a pre-results rise.

Huawei’s R&D spending reached 25.9% of revenue as it invested in AI and smart devices.

MetaX, a Shanghai-listed graphics processing unit (GPU) designer founded in 2020, reported a net profit of 612 million yuan (US$91.1 million).

YMTC overtook Japan’s Kioxia by shipment volume in the second quarter to become the world’s third-largest NAND supplier.

Meta and Google together hold about 17.7% of Jio Platforms.

CXMT says its DRAM chips are designed for civilian and commercial use.

Tencent demonstrated Hy4 Preview for game creation, 3D web design, and accounting compliance.

Anthropic says its rival Claude chatbot will remain ad-free.

MiniMax plans to spend up to US$300 million on Alibaba Cloud services in 2025, up from US$115 million.