A state giant tests the exit window Shanghai United Assets and Equity Exchange recently disclosed a listing: CNPC Kunlun Capital is offering 0.6349 percent of Shandong Future Robot, or 234,372 shares, at a floor price of 20 million yuan. As a pure state-industrial investor, Kunlun’s ties to the company run deep. In May 2025, CNPC … Read more
Unitree prices its IPO above expectations On 6 August, Unitree Technology fixed its IPO issue price at 150.80 yuan per share. On a post-issue share count, that implies a market value of about 60.99 billion yuan, comfortably above the 42 billion yuan valuation the market had broadly expected. As founder, Wang Xingxing held 23.82 percent … Read more
HBM proved the trick HBM has shown that stacking and co-packaging storage media close to the GPU can relieve the data-movement bottleneck in AI compute. Now SK Hynix and SanDisk are applying the same idea to NAND, using HBF to put large-capacity flash next to GPUs and other xPUs in order to relieve the inference … Read more
Six rounds in half a year Delta Intelligence, a Chinese humanoid foundation-model company founded in January 2026, has closed an angel++ round worth close to 500m yuan, the sixth financing the company has raised in the six months since incorporation. Investors in this round include listed-company strategic backers and tier-one financial institutions. Proceeds will fund … Read more
The pot of tea in Zeng Yi’s office was refilled several times, and the conversation unwound at that pace, in the manner typical of Guangdong hospitality. Nothing formal, nothing vague either. He speaks with the residue of a Chaoshan accent, unhurried, finishing his sentences with a smile that narrows his eyes and tips him slightly … Read more
At most five companies in China are genuinely making money on ego data this year. The person making that call is Yuan Rizheng, an entrepreneur in embodied data. His name may be unfamiliar, but people in the field know the company: EgoScale. The obvious assumption is that the name rides on a trend, given that … Read more
From Optimus to Atlas, and on to the humanoid pilot running inside BMW plants, carmakers have become one of the main forces pushing embodied intelligence towards industrialisation. Behind the different routes they have chosen, a contest over the future of manufacturing has already started. The past decade put the car industry through electrification, intelligence and … Read more
PaXini, the Shenzhen company that has spent the past few years trying to give machines a sense of touch, has launched PX-FOOTRIX, which it describes as the world’s first multi-dimensional tactile sensor for the sole of a robot foot. The product is built on a 6D Hall-effect tactile array that the company says is the … Read more
In real-time voice interaction, latency is the only deadline. A text answer a few hundred milliseconds late leaves the user mildly unimpressed. One audible stutter and the sense of talking to something non-human destroys trust immediately. To fix that engineering problem, OpenAI spent six months rebuilding its entire voice system. OpenAI has now published an … Read more
Su Jianlin, a Kimi researcher and the author of rotary position embeddings, has published a short paper titled Notes on the MoE and Attention of K3. It concentrates on the trade-offs Moonshot made in expert architecture, training stability, load balancing and attention design. K3 carries 2.8 trillion total parameters and 896 routed experts. The model … Read more