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Jon Keegan

Ant Group boasts of breakthrough with new fast, cheap Chinese AI models

Ant Group, a digital payments company backed by Alibaba’s Jack Ma, just released two new AI models: Ling-Plus and Ling-Lite.

The models use a similar “mixture-of-experts” technique, like DeepSeek’s R1 models.

But the significant breakthrough is that these models were trained on Chinese-produced chips from Alibaba and Huawei Technologies. Most of the AI world has been using Nvidia’s GPUs for training, but tight US export controls have kept the most powerful chips out of the hands of Chinese AI companies (though some do still slip through).

Ant says its models match or beat leading models from DeepSeek, Mistral, and Meta’s Llama 3.1. This is another boon for China’s global AI ambitions, as it shows that its scrappy AI developers can innovate around attempts by the US to hamstring their progress in the field.

These models were trained for about $880,000, according to Ant, and “improve the efficiency and accessibility of AI development in resource-constrained settings,” its research paper says.

But the significant breakthrough is that these models were trained on Chinese-produced chips from Alibaba and Huawei Technologies. Most of the AI world has been using Nvidia’s GPUs for training, but tight US export controls have kept the most powerful chips out of the hands of Chinese AI companies (though some do still slip through).

Ant says its models match or beat leading models from DeepSeek, Mistral, and Meta’s Llama 3.1. This is another boon for China’s global AI ambitions, as it shows that its scrappy AI developers can innovate around attempts by the US to hamstring their progress in the field.

These models were trained for about $880,000, according to Ant, and “improve the efficiency and accessibility of AI development in resource-constrained settings,” its research paper says.

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$126B

Waymo is now worth $126 billion, after raising $16 billion in a funding round led by its parent company, Google. With this capital, Waymo plans to expand its robotaxi service to 20+ new cities, including international markets.

On Wednesday, Waymo’s chief safety officer will testify at a Senate Committee on Commerce, Science, and Transportation hearing, alongside a representative for Tesla, urging lawmakers to create a national regulatory framework for autonomous vehicles.

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Dan Ives thinks Tesla will someday merge with SpaceX, too

Wedbush Securities analyst Dan Ives is just like us: he thinks that Elon Musk’s Tesla and SpaceX could someday become one company.

In a note this morning, Ives argued there’s a “growing chance” Tesla will eventually merge in some form with newly merged SpaceX and xAI, as Musk builds what he sees as a single, sprawling AI ecosystem spanning both space and Earth.

Over time, Ives wrote, he thinks Musk will look to “combine forces/technologies,” with the long-term goal of owning and controlling more of the AI stack. Ives thinks Musk could achieve that “holy grail” over the next year and a half.

Earlier today, we pointed out the myriad similarities between Tesla and SpaceX — shared impossible missions, common methods for achieving those goals, and a physics-first, economics-later ethos — as well as Musk’s long-standing penchant for knitting his companies together in the first place.

Over time, Ives wrote, he thinks Musk will look to “combine forces/technologies,” with the long-term goal of owning and controlling more of the AI stack. Ives thinks Musk could achieve that “holy grail” over the next year and a half.

Earlier today, we pointed out the myriad similarities between Tesla and SpaceX — shared impossible missions, common methods for achieving those goals, and a physics-first, economics-later ethos — as well as Musk’s long-standing penchant for knitting his companies together in the first place.

Elon Musk laughing

SpaceX merges with xAI, reportedly will seek an IPO valuation of $1.25 trillion

Elon Musk says his space company has merged with his AI company, with the lofty goal of eventually putting data centers in space.

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