Moonshot and Alibaba unveil AI models rivalling OpenAI at a fraction of the cost

Chinese AI companies Moonshot and Alibaba have unveiled new models they claim match the best offerings from OpenAI and Anthropic at a fraction of the cost. The rapid succession of releases signals that America's lead at the AI frontier is narrowing. The competition between Silicon Valley and China's tech sector is entering a more intense phase just as the technology becomes increasingly critical.