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Caixin Global
Caixin Global

Tech Brief (Dec. 2): DeepSeek Rivals OpenAI, Google With New Models

DeepSeek Unveils V3.2 Models Claiming Performance Near GPT-5

DeepSeek released its DeepSeek-V3.2 and DeepSeek-V3.2-Speciale models on Monday. The standard V3.2 model aims to balance reasoning capabilities with output length for daily use, with benchmark testing reportedly showing performance on par with OpenAI's GPT-5 and only slightly behind Google’s Gemini-3.0-Pro. The Speciale variant is designed to push the boundaries of reasoning capabilities for open-source models.

Nvidia Invests $2 Billion in Synopsys to Deepen Chip Design Ties

Nvidia Corp. and chip design software maker Synopsys Inc. announced an expanded partnership on Monday to integrate Nvidia’s accelerated computing with Synopsys’ engineering solutions. As part of the deal, Nvidia agreed to purchase approximately $2 billion of Synopsys common stock at $414.79 per share to help streamline the design and verification of intelligent products. The announcement sent Synopsys shares surging more than 11%.

ByteDance’s AI Model Doubao Unveils System-Level Phone Assistant

ByteDance Ltd.’s AI model Doubao released a technical preview of its “Doubao Phone Assistant” on Monday, signaling a move into operating system-level integration. The software is designed to autonomously perform complex tasks by accessing the phone’s OS, a capability that requires authorization from handset manufacturers. While the company showcased the technology on a Nubia engineering prototype from ZTE Corp., it emphasized that it has no plans to develop its own smartphones. Instead, Doubao is negotiating “ecosystem cooperation” with multiple brands to integrate the assistant into various devices.

Google CEO Warns U.S. Regulatory Fragmentation Risks AI Lead Over China

Google CEO Sundar Pichai warned that the U.S. risks falling behind China in artificial intelligence (AI) if it fails to enact unified federal regulations. Speaking on “Fox News Sunday,” Pichai noted that more than 1,000 separate AI bills are progressing across various states, creating a fragmented landscape that hampers American companies. He called for a balance between innovation and safety standards, urging global cooperation to prevent the weaponization of the technology.

Apple Shakes Up AI Leadership 

Apple Inc. announced Monday that John Giannandrea, senior vice president of Machine Learning and AI Strategy, will step down from his role and serve as an advisor until his retirement in spring 2026. The tech giant has hired Amar Subramanya as vice president of artificial intelligence. Subramanya previously served as a corporate vice president of AI at Microsoft Corp. and spent 16 years at Google, where he led engineering for the Gemini Assistant.

HashKey’s Parent Company Cleared for Hong Kong IPO

HashKey Holdings Ltd., the parent company of the licensed virtual asset trading platform HashKey Exchange, has passed its listing hearing with the Hong Kong Stock Exchange. Sources told Caixin that the company aims to list in 2025. While HashKey’s revenue grew significantly to HK$720 million ($92.6 million) in 2024 from HK$129 million in 2022, the company reported substantial losses attributable to equity shareholders, reaching HK$1.19 billion for the year.

Tuopu Group Plans Hong Kong Listing to Fund Global Expansion

Auto parts manufacturer Tuopu Group announced plans to list H-shares on the Hong Kong Stock Exchange to accelerate its international strategy and expand overseas production capacity. The company stated it is currently discussing specific details with intermediaries, noting that the move will not change its controlling shareholder structure.

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