US companies are increasingly adopting open-weight Chinese AI models from Alibaba (BABA), Z.ai and Moonshot AI as cheaper, customisable alternatives to models from OpenAI and Anthropic, WaPo reports
Newsquawk Staff ·
- Cloudflare (NET), Amazon (AMZN) Bedrock, Microsoft (MSFT) Azure, Shopify (SHOP) and Cursor have deployed them
- Security concerns have prompted scrutiny and deterred AT&T (T), however
Sources
- OpenAI trims valuation target to USD 1.25tln after previously pitching a higher price, according to FT
- OpenAI is raising up to USD 30bln in funding round at a USD 1.25tln valuation, led by UAE investors, according to CNBC, citing sources; OpenAI is negotiating a commercial deal that would secure more computing capacity from the UAE
- US EQUITY OPEN: Mag-7 earnings lead Tech and Indices lower as the Middle East situation remains fragile
- US PREMARKET MOVERS: META, TSLA, IBM, LRCX, BX, PG, CMCSA, SAP, BABA
- US BROKER MOVES: CME upgraded at JPM; BROS downgraded at RBC
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