A wave of safety warnings from leading artificial-intelligence labs, together with OpenAI’s decision to shelve its IPO this year, pushed markets to price in a simple equation: slower frontier-model iteration means weaker chip demand. On Monday the selling swept Asia, Europe and the Americas, and early tallies put the market value wiped from the global … Read more
Delin Capital’s 2026 AI Startup Competition, the Delin Cup, leads with the rewards on the table. The champion takes RMB 2 million in cash, unconditional and equity-free, far above the RMB 300,000 to RMB 600,000 typical of domestic AI contests. Delin Cup 2026 AI Startup Competition promotion. (Source: Leiphone) Up to 15 teams across tracks … Read more
Moonshot AI has reportedly filed an A1 document confidentially with the Hong Kong exchange and begun its IPO process, raising a Pre-IPO round at a US$50 billion pre-money valuation. The company declined to comment. An AI-generated illustration of Moonshot AI’s Kimi assistant and large-model business. (Source: Sohu IT) It is not alone. StepFun is said … Read more
Moxin Tech, a four-dimensional world-model start-up founded by a Zhejiang University doctoral student born in 2000, is about to close a new financing round of around 1 billion yuan that would lift its valuation to nearly 10 billion yuan. It would be the firm’s fifth raise this year and its second in a month, after … Read more
INMO, the global smart-glasses brand, has closed its C3 round, led by the Sichuan Zhenxing Sci-Tech Innovation Fund with Jing’an Capital, Shibei Hi-Tech, Guangzhou Industrial Investment and several Sichuan government funds following. Combined with its earlier C1 and C2 rounds, the C series totals nearly 1 billion yuan, and the company says it has formally … Read more
In the first half of 2026, China’s artificial-intelligence start-ups raised more than 300 billion yuan, a sum that already exceeds the sector’s full-year 2025 total in just six months, according to IT Juzi. The figure spans embodied intelligence, chips and every ticket above and below the 100 million yuan line, and marks a clear acceleration … Read more
As smart terminals race toward agentic AI, more functions run efficiently and safely on device. An agent can run dozens or hundreds of steps from one sentence, or act before you speak by sensing context and memory. That experience rests on the silicon, and the agent trend is pushing chips to evolve: more performance, less … Read more
Picture a robot watering flowers in order, holding the spout a few centimetres above each bloom. Getting that right is easy for people and hard for general AI, and a Chinese team behind RoboTracer argues the problem is how vision models represent space. Why general models get lost in 3D RoboTracer drops XYZ coordinates in … Read more
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
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