DeepSeek’s $71B valuation and state-controlled governance structure expose a 'Chinese Dual Ownership' model; Moonshot AI closes $3.5B round at $35B as IPO wave institutionalizes AI wealth; Alibaba’s Qwen3.8-Max launches with aggressive open-weight pricing.
Taiwan’s hardware giants launch TAIONE foundation to claim open-source AI governance; Chinese AI IPO rush accelerates with DeepSeek and Moonshot; US lead over China in AI disappears; the social costs of AI deployment in China come into focus; DeepSeek pauses $71B funding round after founder’s viral comments; China creates world’s first AI agent regulatory framework.