A year ago, a Unitree robot kickboxing could light up social media. When DeepSeek released its latest open-source artificial intelligence (AI) model, developers around the world rushed to test it. This year, however, Hangzhou’s latest technology bets have barely made a ripple. The city’s “New Eight Steeds” – eight deep-tech companies in fields ranging from smart glasses and inference graphic processing units (GPUs) to compute-in-memory chips and space computing – are a very different proposition...