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China's AI Race Intensifies with New Model Launches

3/2/2026

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Story summary
  • China's DeepSeek plans to launch its V4 AI model, which features multimodal capabilities for text, images, and videos, ahead of the Two Sessions meetings starting March 4.
  • MiniMax introduced its M2.5 model, which is gaining traction for its lower cost.
  • Alibaba introduced competitive AI models.
  • Analysts say these advances will accelerate global AI adoption, especially in lower-tier cities, as firms focus on cost-efficient, multifunctional tools to drive application development.