Neck and neck ♻️ - Chinese AI models are catching up, Lululemon invests in recycling

Chinese AI startup Moonshot is about to release what could be the biggest open-weight model ever built in China, tightening the enterprise AI race as companies realize they don’t always need (or want to pay for) the most expensive frontier models. Plus, Lululemon is backing a nylon-recycling startup in a bid to turn hard-to-reuse fabric waste into fresh inventory — and rebuild some sustainability cred along the way.And in The Big Picture: Citigroup expands its Canadian footprint, Ottawa fast-tracks a major Vancouver Port upgrade, and wildfires continue to blanket parts of Ontario (and the GTA) in smoke.The Peak Daily is produced in partnership with reframevid.com