Xi Jinping Spearheads China's AI Push

President Xi Jinping used the World AI Conference in Shanghai to challenge US dominance, announcing training programmes for developing nations and the creation of a new global AI governance body.

Chinese firms showcased open-source models that rival American systems at lower cost.

The push came as Chinese startup Moonshot AI released Kimi K3, a 2.8-trillion-parameter open-weight model that outperformed leading US systems on several benchmarks.

The launch triggered a sell-off in AI semiconductor stocks and intensified the US-China tech rivalry, with former White House AI czar David Sacks arguing the US was 'tying itself in knots' over AI regulation.