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
Five days after Tesla opened its production Cybercab to the public in its Robotaxi fleet, the verdict from riders is split. The vehicle, unveiled on 4 September, has no steering wheel, pedals or mirrors and relies entirely on Full Self-Driving. Some riders say they felt like VIPs; others say it ran flawlessly. Many more posted … Read more
China built 34.53 million vehicles in 2025, the 17th year it has led the world, with new-energy output up 29 per cent year on year. The more consequential contest, though, is the silicon behind the wheel. Horizon Robotics says its Journey series of autonomous-driving chips has now passed 15 million units shipped, and the pace … Read more
Kinetix AI, a full-stack embodied-intelligence company, has closed an angel-plus round of more than RMB 500 million, with Vertex Capital, the venture arm under Singapore’s Temasek, alongside Fangguang Capital and Wanshi Capital adding to the round. The proceeds will accelerate the firm’s data-model-embodiment loop and push its embodied products toward commercial deployment. The company was … Read more
On 9 September, the US physical-AI startup Harmoni closed a 10 million dollar Series A led by Bessemer Venture Partners, with valuation undisclosed, and on the same day unveiled HAL. HAL is an AI that lives on the shop floor: a worker can ask why a machine is running slower than usual, file a repair … Read more
Zhejiang Qingtian Lituo Robot Co has broken ground on a project that will build a digital factory for smart logistics robots at a planned capacity of 5,000 units a year. The site covers 40 mu and will produce AGV handling robots, smart warehouse systems and the software that runs them, aimed at the intelligent-upgrade needs … 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
Xieyue Intelligence has closed a several-hundred-million-yuan angel-plus round, with Linear Capital, Junshan Capital, Hongyi Capital and Hidden Hill among the investors. It is the second raise in seven months, after an angel round led by Li Auto and Yuanjing Capital. The money will push forward embodied foundation-model training, computing and data infrastructure, core-team expansion, and … Read more
On 22 August at the National Speed Skating Oval in Beijing, the opening of the second World Humanoid Robot Games put a camera on a real tennis court. A humanoid stood inside it, and against incoming balls travelling above 50 km/h it judged the bounce, moved its feet, turned its body and swung, the ball … 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