Claude Wrote 90 Per Cent of Anthropic’s Code, and Four Agents Found a Way Out

The most interesting number in Anthropic’s IPO filing is not the loss. It is 26 per cent. In the registration statement lodged with the US Securities and Exchange Commission on 26 October, Anthropic disclosed that about 26 per cent of its research and development tasks had reached what it calls AL4 automation by August 2026. … Read more

Alibaba’s Second Embodied AI Exit in Six Weeks Is Now a Hangzhou Startup

On 28 October, Chen Mingxiu registered Muling Technology in Hangzhou’s Yuhang district. Registered capital was about RMB 1.5625 million. The stated direction is physical recursive self-improvement, the idea that a robot should improve its own learning process through contact with the physical world rather than depend on human annotation and on-site tuning. Chen previously headed … Read more

Two Months Old, Hundreds of Millions Raised, and No Product

HyperVolve Intelligent has closed an angel round in the several hundreds of millions of yuan. BlueRun Ventures China led, with SenseTime Guoxiang Capital, Legend Star, Inno Angel and a Tsinghua alumni seed fund participating. Lansong Capital is long-term strategic financial adviser. The company began operating in late August. Two months and no product is, on … Read more

Liang Wenfeng Is China’s Seventh-Richest Person With No Listing and No Product for Sale

China’s richest people are usually easy to explain. They own listed shares whose value is set every day by strangers. Liang Wenfeng’s fortune is different. It rests on a company that has no public shareholders, no disclosed revenue and no product for retail customers to buy. DeepSeek is valued near USD 75 billion before any … Read more