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Wellfunded

China

Silicon Valley Is Splitting Over Chinese Open-Weight AI

Jul 24, 2026

Silicon Valley Is Splitting Over Chinese Open-Weight AI

A fierce debate has erupted between America's AI giants and its startup community over Chinese open-weight models. The conflict pits safety concerns and IP protection against startup access, open-source ideals, and the economics of building on affordable AI infrastructure.

AI

Open Source

Policy

Kimi K3 Sparks White House Accusation of Model Theft

Jul 24, 2026

Kimi K3 Sparks White House Accusation of Model Theft

WIRED's Uncanny Valley podcast digs into the White House's accusation that Chinese lab Moonshot AI illegally distilled Anthropic's Claude model to build its impressive Kimi K3. The episode also covers OpenAI briefly losing control of two AI models during a security test and the rising cost of AI token consumption across the US military and Silicon Valley.

AI

China

AI Safety

White House Is Divided Over How to Counter Chinese AI

Jul 23, 2026

White House Is Divided Over How to Counter Chinese AI

The Trump administration is internally split on how to respond to China's rapidly advancing AI models, with the White House pushing for tighter controls and the Commerce Department skeptical of their workability. Distillation attacks — where Chinese labs train on US models — have become the central flashpoint.

AI

Policy

China

US Threatens Sanctions on Chinese AI Over IP Theft

Jul 21, 2026

US Threatens Sanctions on Chinese AI Over IP Theft

Treasury Secretary Scott Bessent has warned that the US could impose sanctions on Chinese open AI models over alleged intellectual property theft. The move signals a significant escalation in the Trump administration's efforts to curtail China's AI development. Here's what the threat means for the broader AI industry.

AI

Geopolitics

Open Source

America Needs to Stop Being Surprised by Chinese AI

Jul 21, 2026

America Needs to Stop Being Surprised by Chinese AI

Two more Chinese AI models claiming to match OpenAI and Anthropic touched off the usual cycle of market panic and Sputnik-moment rhetoric. But if these breakthroughs keep arriving on schedule, maybe they were never breakthroughs at all.

AI

China

Policy

Chinese AI Is Splitting Trump's Inner Circle

Jul 21, 2026

Chinese AI Is Splitting Trump's Inner Circle

Moonshot's free, open-source Kimi model is forcing a reckoning inside the Trump administration over how to handle Chinese AI. Meanwhile, Anthropic's $1.5 billion copyright settlement sets a new record — yet many creators aren't celebrating.

AI

Policy

China

Moonshot, Alibaba Fire Back With New Open-Source Models

Jul 20, 2026

Moonshot, Alibaba Fire Back With New Open-Source Models

Chinese AI heavyweights Moonshot and Alibaba have unveiled new frontier models that claim to rival OpenAI and Anthropic at significantly lower cost. The rapid back-to-back releases signal that America's lead at the AI frontier is narrowing fast — with serious implications for the global AI race.

AI

Open Source

China

Kimi's Latest Release Sparks 'Full AI Communism' Debate

Jul 18, 2026

Kimi's Latest Release Sparks 'Full AI Communism' Debate

Moonshot AI dropped a new version of its Kimi model this week, reigniting the ongoing debate over Chinese AI competitiveness and the implications of aggressive open-access strategies. The release has some observers worried — and others excited — about what they're calling 'full AI communism.'

AI

China

Open Source AI

Kimi K3: Moonshot AI's Largest-Ever Open-Source Model

Jul 17, 2026

Kimi K3: Moonshot AI's Largest-Ever Open-Source Model

Beijing-based Moonshot AI has released Kimi K3, a 2.8-trillion-parameter open-source model that benchmarks place within striking distance of GPT-5 and Claude. The release marks a dramatic comeback for a company that had lost significant ground to DeepSeek — and signals that the gap between open-source and proprietary AI may have effectively closed.

AI

Open Source

LLMs

China, AI Push Asia's Startup Funding to New High

Jul 16, 2026

China, AI Push Asia's Startup Funding to New High

Asia-based startups raised $42.8 billion in Q2 2026 — the highest quarterly total in over three years — with AI companies capturing more than 60% of all investment and China posting a stunning 424% year-over-year funding surge. Deal counts hit a multiyear low even as dollar volume soared, underscoring how concentrated capital has become among a handful of breakout names.

AI

Venture Capital

Startups

DeepSeek Eyes $1.5B Raise and 2027 IPO at $71B Valuation

Jul 14, 2026

DeepSeek Eyes $1.5B Raise and 2027 IPO at $71B Valuation

Chinese LLM developer DeepSeek is reportedly in talks to raise $1.5 billion at a $71 billion valuation, with plans to go public in 2027. The move would mark a major milestone for one of the most disruptive forces in the global AI race.

AI

Startups

Venture Capital

China's CASC Closes the Reusable-Rocket Gap on SpaceX

Jul 11, 2026

China's CASC Closes the Reusable-Rocket Gap on SpaceX

China's state-owned space giant CASC has successfully recovered an orbital rocket booster for the first time, marking a significant milestone in Beijing's push to rival SpaceX's reusable launch capabilities. The achievement signals that China's reusable rocket ambitions are no longer the exclusive domain of its private sector. The gap with Elon Musk's Falcon 9 program is narrowing fast.

Space

China

Reusable Rockets

Claude's Great Wall Problem: China's AI Underground

Jun 27, 2026

Claude's Great Wall Problem: China's AI Underground

Despite aggressive geolocation restrictions and account bans, Chinese developers, researchers, and startups have built a thriving underground economy to access Anthropic's Claude. From Taobao account resellers to API 'transfer stations,' the cat-and-mouse game shows no signs of slowing down.

Anthropic

Claude

China