Foundation and Large Models

The listing will test investor appetite for decision intelligence as the AI narrative reaches a high point.

For all its merits, Anthropic’s Claude Fable 5 might not be AI’s endpoint.

World models, coding, Seedance, and Doubao monetization are set to guide its AI agenda this year.

The video model has become a key growth driver for ByteDance’s AI business.

The financing is being viewed as a pre-IPO round, with Kling’s pre-money valuation equal to about two-thirds of Kuaishou’s market value.

The company has hired advisors and signed a guidance agreement, but said any RMB share issuance remains preliminary.

Agent-driven coding could be the next test of its AI cloud strategy.

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