Moonshot AI unveils model claiming near-parity with U.S. frontier systems while lowering costs Moonshot AI says its new model approaches leading U.S. frontier performance and reduces deployment costs, unveiled at …
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Business
Moonshot AI’s Kimi K3 unveils low-cost model, sparks US tech stock selloff
by Sato Asahiby Sato AsahiMoonshot AI’s Kimi K3 Spurs Market Jolt as Low-Cost Chinese Model Challenges U.S. Lead Moonshot AI’s Kimi K3, a low-cost Chinese large language model, triggered a sharp sell-off in U.S. …
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Business
Pakistan mandates domestic banks to adopt sharia-compliant model from 2028
by Sato Asahiby Sato AsahiPakistan orders domestic banks to convert to sharia-compliant model by 2028 Pakistan mandates domestically owned banks to adopt sharia-compliant banking by 2028, while foreign banks may continue offering non-Islamic services …
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Business
Preferred Networks launches Japanese-optimized AI model for under half the price
by Sato Asahiby Sato AsahiPreferred Networks launches Japanese-language AI model claiming OpenAI-level performance at under half the cost Preferred Networks launches a Japanese-language AI model on June 22, 2026, saying it matches OpenAI-level performance …
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Nissan vows to halve development time as CEO cites China and AI-driven tools Nissan aims to halve development time for new models by leaning on AI and digital tools, CEO …
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Business
DeepSeek launches V4 model raising stakes for Chinese AI startups
by Sato Asahiby Sato AsahiDeepSeek V4 launch escalates competition in generative AI DeepSeek unveils V4 model on April 24, 2026, intensifying rivalry in foundation models and challenging established U.S. firms in generative AI. DeepSeek …