Hong Kong firm bets on Chinese open-weight models to rival CoreWeave
The rise of Chinese open-weight models has shaken up the global artificial intelligence (AI) market in recent months. With China’s systems offering high performance at a lower cost, businesses around the world are looking at shifting away from Silicon Valley’s leading providers. Now, a new Hong Kong-based company aims to turn that trend into a billion-dollar business. The “neo-cloud” provider…
Antimatter, a Hong Kong-based "neo-cloud" provider, is positioning itself to capitalize on the growing trend of businesses seeking alternatives to dominant US AI providers such as CoreWeave. The company, founded in May 2023 by a consortium of US energy provider Data Factory, French modular data centre operator PoliCloud, and Swiss AI inference platform HiveNet, aims to offer specialized cloud infrastructure tailored to AI workloads.
Antimatter's strategy involves helping firms transition away from US-based models and cloud systems, allowing them to reduce costs and maintain greater control over their data. The firm is rapidly expanding its AI data centre capacity and expects revenue to grow exponentially over the next two years, as closed frontier AI models are unable to meet rising global demand for AI.
Antimatter's chief marketing officer, Queenie Chan, highlighted the increasing demand from small businesses, government organizations, and technology enthusiasts for alternative solutions to reduce reliance on US tech giants.
Brief written by urgent.news from SCMP Tech's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
