{
  "id": 1386237,
  "title": "Hong Kong firm bets on Chinese open-weight models to rival CoreWeave",
  "url": "https://urgent.news/2026/08/17/hong-kong-firm-bets-on-chinese-open-weight-models-to-rival-coreweave",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-17T01:00:13.000Z",
  "source": {
    "name": "SCMP Tech",
    "slug": "scmp-tech",
    "url": "https://www.scmp.com/tech/tech-trends/article/3364190/hong-kong-firm-bets-chinese-open-weight-models-rival-coreweave"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "South China Morning Post",
        "title": "Hong Kong firm bets on Chinese open-weight models to rival CoreWeave",
        "url": "https://urgent.news/2026/08/17/hong-kong-firm-bets-on-chinese-open-weight-models-to-rival-coreweave-1388610",
        "published": "2026-08-17T01:00:13.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}