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JonathanKing
JonathanKing
May 27, 2026

Meicools Q1 2026 revenue rose 28.5 to 5.69B yuan beating guidance but adjusted net profit grew only 8.1. The profit surge was driven by an 875M yuan gain from its AI investment MiniMax. Overseas growth slowed to 21.9 while store expansion and high costs pressured core margins.

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Author DouglasMartínez DouglasMartínez September 22, 2026
Alibaba appoints senior AI researcher Liu Dayiheng as head of the Qwen large language model project following internal restructuring. Liu will be prominently featured at Alibaba's upcoming Cloud Conference, underscoring the strategic importance of the Tongyi Qianwen team. This appointment clarifies management structure and reflects Alibaba's commitment to strengthening its core AI business operations and organizational framework.
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Author AlbertMiller AlbertMiller September 22, 2026
Shanghai AI Lab and SJTU unveil NCP-ArchPreview, the first 8.9B base model using Next Concept Prediction. Pre-trained on 5.73T tokens, it uses only 51.3% of the token budget to match OLMo-3-7B's loss, boosting convergence by 1.95 times and computational efficiency by 1.74 times. This latent space approach improves downstream performance, including a 6-point gain in GSM8K. Fine-tuning requires just 17M parameters, outperforming LoRA without forgetting, while speculative decoding sees acceptance lengths increase by up to 7.59% in code tasks, offering a new path for inference acceleration.
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Author RoySmith RoySmith September 22, 2026
Tencent Huan Yuan launched Hy Image 3.5 preview, boosting image quality, layout, and editing by 30%. It supports up to five reference images for 2K output at just 0.15 yuan per successful generation, charging only for final products. Outperforming competitors in blind tests, it is now available via Tencent Cloud API and Tencent apps like Yuanbao, with pilot studies showing a 50% surge in usage and improved production efficiency.
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Author LucasWalker LucasWalker September 22, 2026
Xiaomi open-sourced MiMo-V2.6 Pro and Flash models, claiming the top spot among open-source AI with 46 points on Artificial Analysis index. Trained in under six days using recursive self-improvement, the models feature enhanced 3D spatial reasoning and computer operation capabilities. Pricing remains competitive at a fraction of major overseas rivals, with the Desktop client offering up to 20x speed improvements. Full open-source weights, technical reports, and RL task environments are now available, supporting reproducible Agentic RL research.
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Author LucasNelson LucasNelson September 22, 2026
SpaceX AI launched Grok 4.7 on September 21, boasting reasoning speed twice that of competitors at half the cost. Input tokens are priced at $2 per million and output tokens at $6 per million, significantly enhancing cost-effectiveness through superior speed and lower pricing.
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