Artificial Intelligence

Games and advertising still fund the company’s next act, but investors are asking when AI will become more than a spending line.

Volcano Engine’s market share grew in 2025, even as more competitors entered the market.

With restructuring complete and industrial investors joining its cap table, StepFun is moving closer to a public market debut.

Tencent has denied reports of an investment in Plaud, but the prospects behind such a move are compelling.

Real-world data remains essential, but it may not be enough to support deployment at scale.

The free version will continue to support everyday use.

DeepSeek V4 has clear advantages, but it also shows why no AI model can serve every use case yet.

There’s no consensus yet on the final form factor, but smartphone makers may have an advantage in AI devices.