Chinese artificial intelligence startup DeepSeek has hinted that China will soon have homegrown "next generation" chips to support its AI development.

Use of the UE8M0 FP8 technique further reduces the graphics storage and computing power needed to run AI systems.

About 500 robot athletes from 16 countries competed in Beijing as the United States and China race each other to shape the future of AI.

Chinese search engine company Baidu , on Wednesday reported a drop in second quarter revenue as its core advertising business struggled amid China's economic slowdown, while returns from AI investments remained limited.

Despite the restrictions, Chinese firms kept training world-beating AI models—Kimi K 2, unveiled in July by Moonshot AI, a Beijing-based lab founded by an alumnus of Google and Meta, rose straight to the top of the global leaderboards.

As Washington tries to limit its progress, Beijing is spending more to build an artificial-intelligence ecosystem that doesn’t rely on U.S. technology.

Companies in Hangzhou, China, are striving for global AI dominance as the technology race between China and the U.S. heats up. A cluster of elite startups, or the "six dragons", are working around the clock to beat California's Silicon Valley at its own game.

Baidu Inc.’s quarterly revenue fell its most in about three years, hurt by an economic downturn that’s capping its ability to fight bigger rivals in AI and make inroads in newer areas.