The Moonshot AI Kimi app is seen on a mobile phone screen in Beijing on July 17, 2026. The Kimi K3 model released on July 17 by Chinese startup Moonshot AI has fuelled buzz around the country's tech prowess, as experts said it could rival some of the more advanced offerings from US labs. (Photo by GREG BAKER / AFP via Getty Images)

A man visits the Ai Doubao mobile phone launched by ZTE and ByteDance during the World Artificial Intelligence Conference (WAIC) in Shanghai on July 17, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

People visit the Huawei's Atlas 950 SuperPoD during the World Artificial Intelligence Conference (WAIC) in Shanghai on July 17, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

People visit the booth of Kimi during the World Artificial Intelligence Conference (WAIC) in Shanghai on July 17, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

People visit the booth of Alibaba during the World Artificial Intelligence Conference (WAIC) in Shanghai on July 17, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

People visit the booth of Tencent during the World Artificial Intelligence Conference (WAIC) in Shanghai on July 17, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

People visit the booth of Baidu during the World Artificial Intelligence Conference (WAIC) in Shanghai on July 17, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT

The logo of Qwen is seen during the World Artificial Intelligence Conference (WAIC) in Shanghai on July 17, 2026. (Photo by CN-STR / AFP via Getty Images) / China OUT