Abstract: We tracked AI models, infrastructure, and M&A this week: OpenAI launched GPT-5.5, Anthropic took anchor commitments from Amazon and Google, and DeepSeek released V4 Preview. Moonshot shipped Kimi K2.6, Alibaba split Qwen into a closed Max tier and open dense 27B, Tencent released Hy3 Preview, Xiaomi launched MiMo-V2.5. SpaceX took a purchase option on Cursor, Tencent and Alibaba opened DeepSeek's first external round, and NDRC curbed US capital into Chinese AI.
MINIMAX, KNOWLEDGE ATLAS, TENCENT, ALIBABA, Alphabet, Microsoft, Nvidia
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