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| Thiel’s move: Tech investor Peter Thiel, co-founder of Palantir, has opened an office for his private firm in Miami, adding to a string of wealthy Silicon Valley entrepreneurs looking to cut their ties in California to dodge the possibility of higher tax bills. DeepSeek’s new technique: The Hangzhou startup published a new paper detailing a more efficient approach to developing AI, using a framework called Manifold-Constrained Hyper-Connections. Founder Liang Wenfeng is among the paper’s authors. Biren’s big pop: Biren, a GPU designer that once claimed it had outdone Nvidia’s AI chips, got off to a hot start in its Hong Kong trading debut. It follows huge IPOs in Shanghai by Moore Threads and MetaX in December, fellow chip designers engaged in developing Nvidia alternatives for China. | |
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| Chinese multi-asset funds trounced their global peers last year with a simple strategy: bet big on tech stocks. The country dominated the rankings of the world’s most successful cross-asset mutual funds managing more than $500 million, taking 13 of the top 20 spots. Seven of the Chinese funds delivered returns of more than 100% over the year. | |
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| The CES trade show in Las Vegas kicks off with media events this weekend, and Bloomberg’s Lauren Lau will be there in person. For today’s Tech In Depth essay, she writes about how Chinese and Asian companies are set to take center stage, putting forward their AI and innovation credentials to a receptive American audience. | |
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