Hong Kong firm bets on Chinese open-weight models to rival CoreWeave

SCMP TechAugust 17, 2026en

The rise of Chinese open-weight models has shaken up the global artificial intelligence (AI) market in recent months. With China’s systems offering high performance at a lower cost, businesses around the world are looking at shifting away from Silicon Valley’s leading providers. Now, a new Hong Kong-based company aims to turn that trend into a billion-dollar business. The “neo-cloud” provider Antimatter is helping firms switch from the dominant US models – and the cloud systems that serve them –...

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