DeepSeek, one of the so-called Hangzhou Six Little Dragons, is preparing to list on the STAR Market and has engaged CITIC Securities to lead the IPO work, according to the latest reports. In 2026 DeepSeek reversed its long-standing ‘no external funding’ stance. Since its first external round in April, it has run several raises, with … Read more
Zhidx reported on 9 September that US AI coding unicorn Cognition has closed a Series E above US$2 billion, about RMB 13.4 billion, at a valuation of US$48 billion, about RMB 322.1 billion. Cognition co-founder and CEO Scott Wu. (Source: Zhidx) The round was led by new investors a16z and Accel, with existing backers Founders … Read more
Zhidx reported on 8 September that Beijing edge-LLM unicorn ModelBest, together with the OpenBMB open-source community, has open-sourced MiniCPM5-2B, a next-generation edge language base model. The 2-billion-parameter model supports tool calling, deep search and code generation, and shipped day-zero adaptation to Intel, Rockchip and Arm platforms. MiniCPM5-2B benchmark results versus larger open models. (Source: Zhidx) … Read more
On 9 September, at the Inclusion Bund Summit, Hangzhou Laimeng Technology said it had closed a tens-of-millions-yuan angel round for its AI robot, with Fashion Media Group and Hongyi Asset Management co-leading. Fashion Media Group, founded in 1993 with brands across apparel and jewellery, is making its first bet in AI robotics. On 25 September … Read more
In the first half of 2026, large AI-industry financings landed thick and fast across the globe. By Zhidx’s tally, there were 165 domestic-or-over-100-million-yuan AI financing events worldwide in the half, totalling about 2.7 trillion yuan. China and the United States led: China had 77 such events, the most of any country, at about 126.3 billion … Read more
What compute base does personal AI actually need? As phones start to understand intent, call tools and complete tasks continuously, the platform must support a full personal-AI experience, not one model inference. At Arm Everywhere China 2026, Arm released its latest CSS for Mobile 2, where AI plays two roles in the new phone compute … Read more
Demand for desktop AI compute among professional users is growing exponentially, from local large-model fine-tuning and inference to generative-AI design, data-science mining and 3D simulation modelling. Traditional desktop GPUs are bottlenecked by memory capacity, AI compute throughput and multi-task parallelism, and cannot fit the increasingly complex desktop AI-development and professional-visual-computing scenarios. NVIDIA RTX PRO desktop … Read more
After Zhipu and MiniMax listed early this year, who becomes the third large-model company to list remains open, but the field of serious contenders is thin. Fresh reports say Moonshot has confidentially submitted its A1 filing to the Hong Kong exchange and launched its IPO process, raising a Pre-IPO round at a USD 50 billion … Read more
On 7 September, just days after OpenAI released a powerful new model, its chief scientist published a blog calling to slow the pace of AI development. Jakub Pachocki wrote that he worries “no one is prepared for the consequences of the continued rapid growth of machine intelligence.” Pachocki said OpenAI is researching technical solutions to … Read more
This year’s WAIC and WRC showed a shift in embodied intelligence: less showboating, more pragmatism. Last year’s robots danced, fought and walked runways; this year they were dropped into real logistics, industrial and home tasks. That points to a bigger question: how far has embodied intelligence actually come, and how far to real scale? Embodied-intelligence … Read more