Rednote joins wave of Chinese firms releasing open-source AI models
China's Rednote, one of the country's most popular social media platforms, has released an open-source large language model, joining a wave of Chinese tech firms making their artificial intelligence models freely available.
The approach contrasts with many U.S. tech giants like OpenAI and Google, which have kept their most advanced models proprietary, though some American firms including Meta have also released open-source models.
Open sourcing allows Chinese companies to demonstrate their technological capabilities, build developer communities and spread influence globally at a time when the U.S. has sought to stymie China's tech progress with export restrictions on advanced semiconductors.
Rednote's model, called dots.llm1, is available for download on developer platform Hugging Face. A company technical paper describing it was uploaded on Friday.
In coding tasks, the model performs comparably to Alibaba's Qwen 2.5 series, though it trails more advanced models such as DeepSeek-V3, the technical paper said.
RedNote, also known by its Chinese name Xiaohongshu, is an Instagram-like platform where users share photos, videos, text posts and live streams. The platform gained international attention earlier this year when some U.S. users flocked to the app amid concerns over a potential TikTok ban.
The company has invested in large language model development since 2023, not long after OpenAI's release of ChatGPT in late 2022.
It has accelerated its AI efforts in recent months, launching Diandian, an AI-powered search application that helps users find content on Xiaohongshu's main platform.
Other companies that are pursuing an open-source approach include Alibaba which launched Qwen 3, an upgraded version of its model in April.
Earlier this year, startup DeepSeek released its low-cost R1 model as open-source software, shaking up the global AI industry due to its competitive performance despite being developed at a fraction of the cost of Western rivals.

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Time of India
39 minutes ago
- Time of India
Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites
A US attack on Iranian nuclear sites could push oil prices even higher and trigger a knee-jerk rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy. The reaction in Middle East stock markets , which trade on Sunday, suggested investors were assuming a benign outcome, even as Iran intensified its missile attacks on Israel in response to the sudden, deep US involvement in the conflict. US President Donald Trump called the attack "a spectacular military success" in a televised address to the nation and said Iran's "key nuclear enrichment facilities have been completely and totally obliterated". He said the US military could go after other targets in Iran if the country did not agree to peace. Iran said it reserves all options to defend itself, and warned of "everlasting consequences". Speaking in Istanbul, Iran's Foreign Minister Abbas Araqchi said Tehran was weighing its options for retaliation and would consider diplomacy only after carrying out its response. Investors said they expected US involvement would cause a stock market selloff and a possible bid for the dollar and other safe-haven assets when major markets reopen, but also said much uncertainty remained. "I think the markets are going to be initially alarmed, and I think oil will open higher," said Mark Spindel, chief investment officer at Potomac River Capital. "We don't have any damage assessment and that will take some time. Even though (Trump) has described this as 'done', we're engaged," Spindel said. "I think the uncertainty is going to blanket the markets, as now Americans everywhere are going to be exposed. It's going to raise uncertainty and volatility, particularly in oil," he added. One indicator of how markets will react in the coming week was the price of ether, the second-largest cryptocurrency and a gauge of retail investor sentiment. Ether was down 8.5 per cent on Sunday, taking losses since the first Israeli strikes on Iran on June 13 to 13 per cent. Most Gulf stock markets, however, seemed unconcerned by the early morning attacks, with the main indexes in Qatar, Saudi Arabia and Kuwait up slightly or flat. Israel's Tel Aviv main index was at an all-time high. Oil prices, inflation A key concern for markets centers around the potential impact of Middle East developments on oil prices and thus on inflation. Rising inflation could dampen consumer confidence and lessen the chance of near-term interest rate cuts. Saul Kavonic, a senior energy analyst at equity research firm MST Marquee in Sydney, said Iran could respond by targeting American interests in the Middle East, including Gulf oil infrastructure in places such as Iraq or harassing ship passages through the Strait of Hormuz. The Strait of Hormuz lies between Oman and Iran and is the primary export route for oil producers such as Saudi Arabia, the United Arab Emirates, Iraq and Kuwait. "Much depends on how Iran responds in the coming hours and days, but this could set us on a path towards $100 oil if Iran respond as they have previously threatened to," Kavonic said. While global benchmark Brent crude futures have risen as much as 18 per cent since June 10, hitting a near five-month high of $79.04 on Thursday, the S&P 500 has been little changed, following an initial drop when Israel launched its attacks on Iran on June 13. Jamie Cox, managing partner at Harris Financial Group, said oil prices would likely spike before leveling off in a few days as the attacks could lead Iran to seek a peace deal with Israel and the United States. "With this demonstration of force and total annihilation of its nuclear capabilities, they've lost all of their leverage and will likely hit the escape button to a peace deal," Cox said. Economists warn that a dramatic rise in oil prices could damage a global economy already strained by Trump's tariffs. Still, any pullback in equities might be fleeting, history suggests. During past eruptions of Middle East tensions, including the 2003 Iraq invasion and the 2019 attacks on Saudi oil facilities, stocks initially languished but soon recovered to trade higher in the months ahead. On average, the S&P 500 slipped 0.3 per cent in the three weeks following the start of conflict, but was 2.3 per cent higher on average two months following the conflict, according to data from Wedbush Securities and CapIQ Pro. Dollar woes An escalation in the conflict could have mixed implications for the US dollar, which has tumbled this year amid worries over diminished US exceptionalism. In the event of US direct engagement in the Iran-Israel war, the dollar could initially benefit from a safety bid, analysts said. "Do we see a flight to safety? That would signal yields going lower and the dollar getting stronger," said Steve Sosnick, chief market strategist at IBKR in Greenwich, Connecticut. "It's hard to imagine stocks not reacting negatively and the question is how much." Jack McIntyre, portfolio manager for global fixed income at Brandywine Global Investment Management in Philadelphia, said it was uncertain whether US Treasuries would rally after the US attack, largely due to the market's hypersensitivity to inflation. "This could lead to regime change (which) ultimately could have a much bigger impact on the global economy if Iran shifts towards a more friendly, open economic regime," said McIntyre.
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Business Standard
an hour ago
- Business Standard
Republican tax bill to ease rules on gun silencers, some rifles, shotguns
The massive tax and spending cuts package that President Donald Trump wants on his desk by July 4 would loosen regulations on gun silencers and certain types of rifles and shotguns, advancing a longtime priority of the gun industry as Republican leaders in the House and Senate try to win enough votes to pass the bill. The guns provision was first requested in the House by Georgia Rep. Andrew Clyde, a Republican gun store owner who had initially opposed the larger tax package. The House bill would remove silencers called suppressors by the gun industry from a 1930s law that regulates firearms that are considered the most dangerous, eliminating a $200 tax while removing a layer of background checks. The Senate kept the provision on silencers in its version of the bill and expanded upon it, adding short-barreled, or sawed-off, rifles and shotguns. Republicans who have long supported the changes, along with the gun industry, say the tax infringes on Second Amendment rights. They say silencers are mostly used by hunters and target shooters for sport. Burdensome regulations and unconstitutional taxes shouldn't stand in the way of protecting American gun owners' hearing, said Clyde, who owns two gun stores in Georgia and often wears a pin shaped like an assault rifle on his suit lapel. Democrats are fighting to stop the provision, which was unveiled days after two Minnesota state legislators were shot in their homes, as the bill speeds through the Senate. They argue that loosening regulations on silencers could make it easier for criminals and active shooters to conceal their weapons. Parents don't want silencers on their streets, police don't want silencers on their streets, said Senate Democratic leader Chuck Schumer, D-N.Y. The gun language has broad support among Republicans and has received little attention as House Speaker Mike Johnson, R-La., and Senate Majority Leader John Thune, R-S.D., work to settle differences within the party on cuts to Medicaid and energy tax credits, among other issues. But it is just one of hundreds of policy and spending items included to entice members to vote for the legislation that could have broad implications if the bill is enacted within weeks, as Trump wants. Inclusion of the provision is also a sharp turn from the climate in Washington just three years ago when Democrats, like Republicans now, controlled Congress and the White House and pushed through bipartisan gun legislation. The bill increased background checks for some buyers under the age of 21, made it easier to take firearms from potentially dangerous people and sent millions of dollars to mental health services in schools. Passed in the summer of 2022, just weeks after the shooting of 19 children and two adults at a school in Uvalde, Texas, it was the most significant legislative response to gun violence in decades. Three years later, as they try to take advantage of their consolidated power in Washington, Republicans are packing as many of their longtime priorities as possible, including the gun legislation, into the massive, wide-ranging bill that Trump has called beautiful." I'm glad the Senate is joining the House to stand up for the Second Amendment and our Constitution, and I will continue to fight for these priorities as the Senate works to pass President Trump's One Big Beautiful Bill, said Texas Sen. John Cornyn, who was one of the lead negotiators on the bipartisan gun bill in 2022 but is now facing a primary challenge from the right in his bid for reelection next year. If the gun provisions remain in the larger legislation and it is passed, silencers and the short-barrel rifles and shotguns would lose an extra layer of regulation that they are subject to under the National Firearms Act, passed in the 1930s in response to concerns about mafia violence. They would still be subject to the same regulations that apply to most other guns and that includes possible loopholes that allow some gun buyers to avoid background checks when guns are sold privately or online. Larry Keane of the National Shooting Sports Foundation, who supports the legislation, says changes are aimed at helping target shooters and hunters protect their hearing. He argues that the use of silencers in violent crimes is rare. All it's ever intended to do is to reduce the report of the firearm to hearing safe levels, Keane says. Speaking on the floor before the bill passed the House, Rep. Clyde said the bill restores Second Amendment rights from over 90 years of draconian taxes. Clyde said Johnson included his legislation in the larger bill with the purest of motive. Who asked for it? I asked, said Clyde, who ultimately voted for the bill after the gun silencer provision was added.


India Today
an hour ago
- India Today
Sensex tumbles 700 points: Why is the stock market falling today?
Benchmark market indices plunged in early trade on Friday after the United States carried out airstrikes on key nuclear facilities in Iran. This has triggered fresh geopolitical uncertainty and rattled investor sentiment around 9:31 am, the BSE Sensex was down 679.12 points, trading at 81,729.05, while the NSE Nifty50 fell over 199.30 points to 24,913.10. Broader market indices mirrored the slide, and volatility indicators jumped sharply, signalling a bumpy trading session the hardest-hit were IT stocks, with Infosys, TCS, HCLTech, and Shriram Finance among the top losers. Global growth concerns and rising geopolitical instability weighed heavily on the sector. In contrast, oil and energy stocks found some footing, buoyed by a spike in crude oil prices to a five-month high following the strikes. The market's sharp reaction underscores investor anxiety about potential supply disruptions in the Gulf region, especially if tensions escalate IN FULL PANIC MODE YETDr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said that while the US bombing marks a serious escalation in West Asia, markets are still not in full-blown panic mode.'Even though the US bombing of Iran's three nuclear facilities has worsened the crisis in West Asia, the impact on the market is likely to be limited,' Vijayakumar uncertain factor now is the timing and nature of the Iranian response. If Iran targets and damages US defence facilities or harms American personnel, the fallout could be more severe. But for now, the market seems to believe that there are limits to how far Iran can retaliate.'According to him, despite the rise in crude prices and elevated tensions, the absence of panic in Asian markets and the muted reaction of US futures suggest that investors are still hoping for restraint from both also dismissed the possibility of a full closure of the Strait of Hormuz as largely unlikely, noting that such a move would hurt Iran and its allies more than the US or SHOULD INVESTORS DO?Amid the volatility, experts suggest that long-term investors stay calm and avoid knee-jerk reactions.'The market construct continues to favour a 'buy on dips' strategy,' Vijayakumar noted, pointing out that geopolitical shocks typically cause short-term turbulence but rarely derail long-term fundamentals, unless they lead to a sustained also recommend sticking with high-quality stocks, maintaining adequate liquidity, and avoiding leveraged bets. For those with a low risk appetite, it may be wise to wait for signs of stability before making fresh stocks may remain under pressure if global risk sentiment worsens, while energy and defence-linked sectors could see near-term tailwinds. Investors are advised to closely watch for signals from the US and Iran over the coming the full impact of the US-Iran escalation is yet to unfold, markets are clearly on edge. For now, investors will be closely tracking diplomatic developments and any signs of a retaliatory strike by the conflict deepens or oil supply chains are visibly disrupted, most experts believe the correction could be short-lived, offering opportunities for patient, long-term buyers.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Trending Reel