Alibaba-backed startup Moonshot released on late Friday night its Kimi K2 model, touting performance that rivals many U.S. models.

Nvidia announced on Monday that the Trump administration has signaled it will allow the company to sell its China-specific H20 chip once more. The news sent shares of the world's most valuable company, which eclipsed $4 trillion in market cap last week, even higher.

The backlash came swiftly for Benchmark, one of Silicon Valley’s top venture capital firms, after Bloomberg News reported in late April that it was investing in an AI startup founded in China. Republican senators framed the deal as Benchmark effectively aiding the Chinese government,

American officials have quietly been grading Chinese artificial intelligence programs on their ability to mold their output to the Chinese Communist Party's official line, according to a memo reviewed by Reuters.

In a fresh twist to the growing AI rivalry, Alibaba-backed startup Moonshot has unveiled its latest large language model, Kimi K2, designed to take on the likes of OpenAI’s ChatGPT and Anthropic’s Claude Opus 4.

NVIDIA's upcoming China-specific B30 AI GPU has estimated 75% of the performance of H20, with demand for B30 'significant' and orders already placed.

Chinese artificial intelligence startup Moonshot AI released a new open-source AI model on Friday, joining a wave of similar releases from local rivals, as it seeks to reclaim its position in the competitive domestic market.