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China’s Moonshot unveils world’s largest open AI model, closing in on US rivals

Kimi K3 debuts month after Washington pulls Anthropic’s Fable, Mythos models over security concerns Founder of Moonshot AI Yang Zhilin delivers a speech at a conference of 2026 Zhongguancun forum, in Beijing, China, March 25, 2026. PHOTO: REUTERS Chinese AI startup Moonshot on Friday unveiled Kimi K3, a 2.8 trillion-parameter model that it said is the world’s largest open-weight AI system and delivers performance approaching United … Read more

China’s Xi calls for ‘secure, controllable’ AI as competition with US grows

President of China Xi Jinping attends the plenary session during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS/File Photo Acquire Licensing Rights China’s President Xi Jinping on Friday called for developing “secure and controllable” artificial intelligence (AI) amid the growing competition in … Read more

$3b Saudi rollover ‘all good’: FinMin

[ EASING PAYMENT OBLIGATIONS: Sources said Pakistan was working on multiple options to extend the longevity of its short-term external debt and also stagger the upcoming payments of energy debt being obtained by Chinese firms to set up power plants under CPEC. PHOTO:FILE ISLAMABAD: Finance Minister Muhammad Aurangzeb said on Thursday that it was “all … Read more

Uber in $15b deal for Delivery Hero

[ Acquisition advances the US ride-hailing firm’s efforts to build a global food-delivery business BERLIN: Uber agreed on Thursday to buy Germany’s Delivery Hero at an equity value of $14.8 billion to create the largest food-delivery group outside China and stave off intensifying competition from US and European rivals. The acquisition advances the US ride-hailing … Read more

Over 100 wildfires prompt Algeria to urgently recall civil protection personnel

A firefighter sprays water to extinguish flames in the Fontainebleau forest during a wildfire, in Le Vaudoue, during a heatwave affecting large parts of France, July 13, 2026. Photo: REUTERS/file Algeria issued an urgent order Thursday recalling personnel across 45 provinces as the country battled more than 100 wildfires amid an intense heat wave. The … Read more