Qwen 3.8, Atlas shutdown, Kimi IPO denial headline a packed AI roundup

APPSO · wechat · 2026-08-04

Qwen 3.8-Max, Atlas shutdown, Kimi IPO rumors, and more in one busy AI roundup

This APPSO roundup bundles a large number of AI and tech headlines, with the most relevant items centered on Chinese model and company news:

Alibaba launched Qwen 3.8 and opened public beta for its enterprise agent product QwenWork. The new model reportedly has 2.4 trillion total parameters, 95 billion activated parameters, 1M-token context, and improved results on tasks such as paper reproduction, computer use, and visual reasoning. Alibaba also said Qwen 3.8-Max and the 27B variant will open weights next week.
OpenAI said ChatGPT Atlas will stop working on Aug. 9, with browser-agent capabilities moving into ChatGPT and Codex.
Moonshot/Kimi denied a Hong Kong IPO rumor that had claimed a possible $3 billion fundraising target.
Ant Group’s Ant Lingbo reportedly started its first financing round, with industry reports citing a RMB 1.5 billion target.
Zhiyuan Robotics publicly listed a 9-person partner team; chief scientist Luo Jianran was not on the list, though the company said he has not left.
MiniMax H3 opened up base model weights, while Tencent Hunyuan and universities released E-Bench to test multi-step tool use.
HaLo Robotaxi CTO Yu Qiankun argued that the window for a from-scratch Robotaxi entrant has largely closed, and the next barrier is city-scale operations.

The post also includes non-AI business and industry items such as Samsung’s China phone network cutback, Toyota’s profit decline, a Bitcoin wallet vulnerability, and EA’s acquisition approval.

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Qwen 3.8, Atlas shutdown, Kimi IPO denial headline a packed AI roundup

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