AI Chipmaker Moore Threads Begins Trading After China’s Second-Biggest IPO

Chinese AI chipmaker Moore Threads Technology Co. successfully raised approximately $1.13 billion in its initial public offering (IPO), marking the second-largest onshore IPO in China this year, with a valuation of around $7.6 billion and an oversubscription rate of 2,750 times for the retail portion.

Meta has announced plans to significantly cut resources allocated to its metaverse project, a shift from CEO Mark Zuckerberg's earlier vision of the metaverse as the company's future direction. This decision reflects a reevaluation of priorities amid financial pressures and scrutiny regarding the project's viability.

ByteDance and DeepSeek, two prominent players in China's artificial intelligence sector, are pursuing markedly different strategies, highlighting the divergent paths within the industry. While ByteDance focuses on leveraging AI for content creation and user engagement, DeepSeek is emphasizing open-source AI models, such as its recent release that rivals GPT-5.

Jensen Huang, CEO of Nvidia, expressed skepticism about whether China would still desire the company's advanced H200 AI chips, even if U.S. export restrictions were relaxed. This statement reflects the complex dynamics between the U.S. and China regarding technology and trade.

TikTok has announced plans to invest over $37 billion to build a data center in Brazil's port of Pecém, marking its first major project in Latin America. This investment reflects China's growing ambitions in South America amid ongoing geopolitical tensions with the US.

An unemployment crisis in Kenya has led to the emergence of companies utilizing opaque systems, including WhatsApp groups and middlemen, to recruit workers for training AI models in China at low wages. This situation highlights the exploitation of vulnerable workers in a challenging economic environment.

A research team from China and Hong Kong has introduced a new memory architecture called General Agentic Memory (GAM) aimed at addressing the issue of 'context rot' in AI models, which leads to the loss of information during lengthy interactions. This dual-agent system separates memory functions to enhance information retention and retrieval, potentially improving the performance of AI assistants in complex tasks.

Nvidia CEO Jensen Huang expressed uncertainty regarding whether China would accept the company's H200 artificial intelligence chips, even if U.S. export restrictions were relaxed, following a meeting with President Trump. This statement reflects ongoing complexities in U.S.-China technology relations.