The tightly choreographed pro-business meet marked a turnaround in Beijing's approach to the tech industry in the face of a slowdown in growth, deflationary concerns and a bitter rivalry with the US

Insiders say the White House is concerned about many of the terms underpinning the $39 billion Chips and Science Act industry subsidies

Chinese market analysts believe DeepSeek's launch is a 'watershed' moment that shows Beijing can hold its ground amid an intense tech war with rival US

Huawei to make DeepSeek model available on Ascend, while Alibaba, Baidu and Tencent's cloud arms also say they've made its models accessible via their services

"These moves are warnings that China intends to harm US interests if need be, but still give China the option to back down," one analyst said

Social media accounts run by Chinese state media, plus embassies highlighted DeepSeek's 'breakthrough' prior to the stock crash on Monday and push Beijing's narrative on surpassing the US in critical areas of competition, report says

"Qwen 2.5-Max outperforms ... almost across the board GPT-4o, DeepSeek-V3 and Llama-3.1-405B," Alibaba's cloud unit claimed on Wednesday

The investment will be made by the Singapore unit of TikTok's parent Bytedance and the data centre will support companies affiliated with the popular short-video site

PM says: “We will urgently look at whether we need to make more cooperative plans and future assistance programmes for the industrial sector."

Microsoft's security researchers observed that "individuals they believed to be connected to DeepSeek" were involved in an unauthorized data transfer several months ago

Meta has reportedly established four "war rooms" with engineers to assess the AI model developed by Chinese startup DeepSeek, insiders have alleged

Shares of Nvidia plunged by 17% on Monday, wiping nearly $600 billion from the chipmaker's market value, a record one-day loss for any company.