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Evelyn Cheng

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  • Senior Correspondent, CNBC
As seen in: CNBC, LinkedIn, MSN, MSN Australia, MSN Canada, MSN Ireland, MSN Malaysia, MSN Money Canada, MSN Philippines, MSN Singapore, USA Today and
@CNBC, New Yorker in Beijing. NYU grad. Remember all those not on Twitter.

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A Chinese AI company just connected its model to Wall Street's leading data providers Original

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By Evelyn Cheng Verified
| CNBC Verified
The Kimi K3 app icon on a smartphone arranged in Hong Kong, on Tuesday, July 21, 2026. Bloomberg | Bloomberg | Getty Images BEIJING — The Chinese artificial intelligence startup behind the Kimi model said Thursday that financial industry giants, including investment banks, funds and venture capital firms are using its Kimi models on AI tools. Among the companies now using Kimi are investment bank CICC and venture capital firms such as Sequoia China, now rebranded as Hong Shan.
Open in Who Shared View Duplicates (4) Issue with article?

OpenAI and Anthropic are making 10 times more revenue than all Chinese AI models combined, research group Rhodium says

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By Evelyn Cheng Verified
| MSN Verified
U.S.-based Rhodium Group estimates Chinese AI models only make about 10% of the revenue that OpenAI and Anthropic do. "Valuations relative to revenue appear exorbitant for Moonshot and DeepSeek at present," the Rhodium report said. Z.ai on Wednesday raised its revenue forecasts, but it remained well below that of U.S. rivals. BEIJING — China's artificial intelligence models may be enjoying rapid adoption but that isn't yet translating into revenue, raising questions about company valuations.
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China's AI leaders keep quiet despite U.S. 'publicity' on tech risks Original

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By Evelyn Cheng Verified
| CNBC Verified
Humanoid robots compete in the 100-meter race during the 2nd World Humanoid Robot Games at the National Speed Skating Oval in Beijing on August 25, 2026. Wang Zhao | Afp | Getty Images BEIJING — While frontier U.S. labs have sounded the alarm on artificial intelligence in recent high-profile speeches, Chinese companies have largely kept quiet.
Open in Who Shared View Duplicates (4) Issue with article?
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