DeepSeek hires ex-Jane Street quant for coding agent drive
Cui Tianyi, a former co-founder of quant trading firm TSY Capital, joined DeepSeek’s newly formed Harness team in March, according to his LinkedIn profile.
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DeepSeek slashes API prices to record low as token costs plunge
At the new rates, DeepSeek said usage cost of its V4-Pro model now drops to industry-low levels, with cached input costing as little as 2.5 fen, the smallest unit of the Chinese currency, per million tokens.
Hangzhou launches first AI-focused class at Jack Ma-founded school
Teaching will combine in-house interdisciplinary faculty with external mentors from Zhejiang University, Shanghai Jiao Tong University and major technology companies.
Wenzhou launches AI institute to boost factory automation
The broader ecosystem around the China (Wenzhou) Data Security Harbor has already attracted 1,215 data-related companies, according to the conference.
Geely publishes first ESG framework for EV makers going global
The automaker said it reduced emissions across its vehicle supply chain by 1.476 million tons and achieved its 2025 target of cutting lifecycle emissions per vehicle by 25%.
CATL reportedly weighs bets on DeepSeek, eyes role in AI chip race
Other potential backers include e-commerce heavyweight JD.com and online gaming titan NetEase, while Tencent and Alibaba Group have also been previously reported to be in talks.
Alibaba Cloud launches AI platform WonderClip to automate video production
This rollout comes as companies across sectors from advertising to home appliance increasingly shift toward AI-generated advertising and online engagement tools to boost efficiency and cut costs.
Zhejiang auto output jumps 27% amid Jan-Apr industrial expansion
Private-sector industrial firms remained the main engine of growth in the January-April period, with output rising 7.9% and contributing nearly 80% of total industrial expansion.
Sneaker brand Golden Goose picks Hangzhou for China HQ after buyout
Fewer than two months passed between Linping district’s initial project signing in late March and the formal unveiling at the city-level conference in May.
MatriQ secures Series A funding to fuel neutral-atom computing push
Neutral-atom quantum computing uses lasers to trap and arrange atoms into programmable arrays, with each atom functioning as a quantum bit.