Tesla’s third quarter was flat on the top line and brutal on the bottom line. Revenue reached USD 28.046 billion, down 0.2 per cent year on year. Net profit attributable to ordinary shareholders fell 43 per cent to USD 787 million, or about RMB 5.25 billion. The detail underneath explains the direction of travel. Automotive … Read more
Ursula von der Leyen wants a faster trigger. The European Commission president said Brussels will propose a new trade-defence instrument that could restrict access to the single market at short notice when a surge of cheap imports damages European industry. Cars and vehicle components sit squarely inside that blast radius, though the Commission has not … Read more
Gamma Robotics has registered in Shanghai’s Xuhui district and moved into Modu Space, the city’s AI incubator cluster. It is the first market-facing company incubated by China Telecom’s AI institute, TeleAI, and it is backed by the operator’s Shanghai AI industry private equity fund. Gamma Robotics is building a self-evolving base model for whole-body humanoid … Read more
DeepSeek is close to completing a new round of about RMB 100 billion, with a pre-money valuation of roughly RMB 500 billion, according to people familiar with the matter cited by Leiphone’s Leidi. DeepSeek’s new round would be the largest private AI financing in China this year (Source: Sohu Tech) The confirmation is not a … Read more
The 26th China International Industry Fair closed at the National Exhibition and Convention Center in Shanghai with robots working as guides and wheeled humanoids hauling industrial bins. The demonstrations on the stands depend on something less visible: how fast a design revision becomes a physical part. A wheeled humanoid handling industrial bins at the China … Read more
DeepSeek plans to lead a seed round in Winverse AI, a robotics AI company founded only months ago, at a post-money valuation of about $400 million, or roughly 2.7 billion yuan, Bloomberg reported on 12 October. The round itself is in the tens of millions of dollars. Meituan’s Longzhu fund has committed to follow. DeepSeek … Read more
Chinese humanoid robotics shares went vertical on 20 October, and Unitree Technology led the move. The stock touched 549.44 yuan intraday, a gain of more than 10 per cent on the session, and closed three trading days up more than 35 per cent. Its market value passed 220 billion yuan. A Unitree humanoid unit on … Read more
On 20 October, DeepSeek open-sourced DeepInfer, its self-developed inference framework, and a detail buried inside the release is reshaping how China’s AI stack talks to silicon. Both Huawei’s Ascend 950 NPU and Nvidia’s SM100 Blackwell GPU appear on the officially supported hardware list, pulled from the same code tree, and switching between the two takes … Read more
After three design iterations, Tesla’s humanoid Optimus has reached the eve of mass production. This Monday the company’s annual shareholder materials confirmed in writing for the first time that the third-generation Optimus is ready for large-scale production, though Tesla has not yet named a date. Tesla’s third-generation Optimus humanoid robot, now declared ready for mass … Read more
Two months after DeepSeek invested RMB 141 million in Unitree, founder Liang Wenfeng is reported to be leading the seed round of Winverse AI, an embodied-AI startup only months old with no product shown yet. According to Bloomberg, DeepSeek is leading a seed round of tens of millions of dollars at a post-money valuation of … Read more