Alibaba and Moonshot launch new AI models in China's intensifying race

Chinese tech companies Alibaba and Moonshot have launched new artificial intelligence models, marking a new phase in China's AI race. Alibaba unveiled its latest AI model, while Moonshot paused subscriptions for its Kimi chatbot due to high demand as it prepares for an initial public offering. The moves come as Chinese AI firms increasingly challenge Silicon Valley's dominance. Meanwhile, Moonshot's subscription pause highlights the intense consumer interest in domestic AI products.