Alibaba releases Qwen-Image-2.1, a 7B open-weight model it says outperforms
Alibaba releases Qwen-Image-2.1, a 7B open-weight model it says outperforms most closed-source models, with native transparency and up to ten reference images
TL;DRAlibaba released an open-source image model rivaling closed-source competitors.
Why it matters: Open-weight models reduce dependence on proprietary vendors and lower deployment costs.
Aided by AI, young people in China launched 7M+ one-person startups
TL;DRChinese youth started 7 million solo AI businesses in 2025, up 42% year-over-year, fleeing poor job prospects.
Scott Bessent says the US proposed an AI incident notification mechanism
TL;DRUS and China agreed to notify each other of AI incidents and establish dialogue channels.
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Adaptive, which sells accounting software
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CATL Sees Limited Impact From China’s New Battery Tax on Orders
China's new battery tax hasn't significantly disrupted CATL's order flow so far.
Australia to Rely on AI to Spur Growth
Australia betting on AI development to fuel economic growth amid global instability.
Mithrl, which integrates its proprietary biomedical world model
AI startup Mithrl raised $20M to help drug companies use its biomedical AI models for research.