China’s “AI tigers” return to the ring as the foundation model race reignites
Competition among China’s foundation model makers flared again this summer, with a fresh wave of model launches and technical one-upmanship taking center stage at the World Artificial Intelligence Conference (WAIC) in Shanghai. This latest round saw a three-way showdown between China’s frontrunners: StepFun and Z.ai (formerly Zhipu AI), with tech…
bubmagAugust 14, 2025