News Summary

• Microsoft CEO Satya Nadella says trust in US AI technology and its robust training ecosystem will keep it competitive against Chinese products.
• American AI companies face fierce competition from Chinese rivals, some of which have released bombshell products that roiled tech stocks.
• Last year, the emergence of the Chinese AI lab DeepSeek prompted a $1 trillion tech sell-off, one of the first major signs that China could rival US AI capabilities at a much lower cost.
• In July, Moonshot AI's new AI model, Kimi K3, made waves in the tech sphere for its coding, reasoning, and knowledge work abilities.