Two disclosures in the same session establish where the Chinese AI and semiconductor stack is being priced. Moonshot AI closed $3.5 billion at a $35 billion valuation against an initial target of $1 billion to $2 billion, with a Hong Kong listing possible this year. CXMT’s IPO prospectus revealed that Alibaba holds nearly 5%, worth more than $20 billion, against a closing market capitalization of approximately $464 billion on 28 July.

Moonshot AI closed a $3.5 billion round at a $35 billion valuation, having initially targeted somewhere between $1 billion and $2 billion, and plans a Hong Kong listing as early as this year. CXMT’s IPO prospectus disclosed that Alibaba holds a stake of nearly 5%, now worth more than $20 billion, against a closing market capitalization of roughly $464 billion on July 28. One model developer and one DRAM manufacturer, heading for the same venue, at valuations set almost entirely by domestic capital.

China held $1.04 trillion in U.S. Treasury securities as of December 2021. By December 2025, that position had declined to $683.5 billion — a reduction of roughly $357 billion, or 34%, over four years. China remains the third-largest foreign holder of U.S. federal debt, but its share of total foreign holdings fell from 13.4% to 7.4% over the same period. The trajectory is unambiguous and sustained. The decline has been both nominal and relative.

The Department of Defense is exploring a range of emerging biometric technologies and biometric applications, including AI techniques that could identify individuals in low light or otherwise obscured conditions, and laser techniques that could identify individuals at distances of around 200 meters. Such techniques could be employed in covert and clandestine operations without an individual’s knowledge or consent. Lethal Autonomous Weapon Systems In the future, biometric technologies could be integrated into lethal autonomous weapon systems (LAWS)—weapons capable of selecting and engaging targets without the need for manual human control or remote operation.

WASHINGTON, Dec. 30, 2023 - Following is a statement from Eileen O’Reilly, president of the National Press Club, and Gil Klein, president of the National Press Club Journalism Institute, on the extended detention of Chinese journalist Yuyu Dong. “We have learned through the family of Chinese journalist Yuyu Dong that his unjust detention has been extended two months. We had expected a verdict Dec. 27. This extension will now push Yuyu’s detention beyond the anniversary date of his arrest in 2022.