News

According to sources, Step Star will complete nearly 2.5 billion U.S. dollars (about 17 billion yuan) financing, and has dismantled the red chip structure, accelerated preparations for the IPO in Hong Kong, or will become the Chi Spectrum, MiniMax in addition to the other domestic large model companies listed in Hong Kong. To be completed, this round of financing will be over...

Last night, OpenAI live streamed the release of three updates to Codex, the AI programming smartbody, namely the smartbody plugin, fixed-point modification, and one-click generation of interactive sites for documents. OpenAI also revealed that Codex has reached 5 million weekly active users, an 8x increase from earlier this year. Its ...

April 21, 2011 - Global tech giant Apple dropped a bombshell today: the company announced a historic succession plan for top management. Current CEO Tim Cook will become Executive Chairman of the Board of Directors, while current Senior Vice President of Hardware Engineering John T...

Oura, a health tech company born in Oulu, Finland in 2013 and now headquartered in Finland and San Francisco, USA, is led by Petteri Lahtela, who has deep R&D experience at Nokia and Polar, Kari ...

On May 6, Kimi's parent company Dark Side of the Moon is about to close a new $2 billion round of financing, with a post-investment valuation topping $20 billion, according to LatePost. The round was led by Meituan Dragon Pearl (which contributed over $200 million), with participation from China Mobile and CPE (CITIC Industrial Fund). ...

According to a report by Forbes today, Swedish AI programming startup Lovable is in talks for a new round of funding, targeting a valuation as high as $12 billion—nearly double its $6.6 billion valuation from last December. This means that the company, which was founded just three years ago, is growing at a pace that would leave even Silicon Valley breathless...

Today, OpenAI officially launched GPT-5.5 Instant version, which will be gradually rolled out to all ChatGPT users starting today, replacing GPT-5.3 Instant as the default model. This update mainly reflects the daily interaction, GPT-5.5...

On July 6, Beijing Xingdong Jiyuan Technology Co., Ltd. announced the completion of a new round of financing worth 1 billion yuan, led by Chengtong Fund—a fund under the State-owned Assets Supervision and Administration Commission (SASAC)—with several local state-owned capital entities participating as co-investors. This marks the largest single investment by state-owned capital in the embodied intelligence sector this year. When robotics companies begin to secure funding from state-owned capital, it signals that the industry has officially moved from...

3.5 billion raised in 3 months, valuation surpasses 10 billion, "China’s Answer" in the Global Modeling Sector Emerges On June 15, 2026, Jijia Vision secured an additional 1 billion yuan in Series B2 funding. Investors included Singapore’s Lion City Capital, the China-Belgium Fund, CDB Capital, Wanxiang Qianchao, and other top global state-backed funds...

Astribot, a rope-driven AI robot company known as "China's version of Figure", announced today that it has completed a series of Series B financing. Three rounds of financing were completed in three months, totaling more than 1 billion RMB, and the company's valuation exceeded the 10 billion RMB mark in one fell swoop, formally ranking among China's...

Introduction: Inside and Outside the Great Wall—A small building nestled among trees in Compound No. 10, Chedaogou, Haidian District, Beijing, is home to the China Ordnance Industry Computer Application Technology Research Institute. On September 14, 1987, an email was sent from here across the Pacific Ocean to Geneva, Switzerland. It contained just one sentence: "Acro...".

On June 23, 2026, Hyper3D, a 3D generative AI company, announced the completion of a new round of financing worth several hundred million yuan, jointly led by Cathay Capital and Shanghai SDIC Pioneer. Existing investors, including Sequoia China, Meituan Dragon Ball, ByteDance, and BlueRun Ventures, continued to participate in the round. LightSource Capital served as the exclusive...

Last night, NVIDIA announced NVIDIA Ising, the world's first open-source quantum AI model, designed to accelerate progress toward practical quantum computers and help researchers and businesses build quantum chips that can run practical applications. According to NVIDIA's disclosure, NVIDIA Ising open...

On May 15, Cerebras Systems, an American AI chip company, officially went public on NASDAQ under the ticker symbol “CBRS”. Cerebras issue price of 185 U.S. dollars per share (about 1,255 yuan), opened up 89% to 350 per share....

In the summer of 2026, the edge AI sector welcomed a unicorn company valued at over 20 billion yuan. On July 15, Beijing Mianbi Intelligence Technology Co., Ltd. completed a new Round C+ financing round, with investors ranging from national-level funds, state-owned enterprises, and automakers to other diverse industry players and financial investors. In just 20...

Swipe right, and Alipay has been transformed. Today, this nation-wide app launched its AI version, streamlining the interface to just two main sections: the “Abao” chat assistant and the “Assets” ledger. This marks its most radical self-reinvention in nearly 20 years. The AI version of Alipay is currently in closed beta testing. Users who have been granted access to the beta...

May 13, 2011 - Isomorphic Labs, a UK-based R&D company for AI drugs spun out of Google DeepMind, yesterday announced the completion of a $2.1 billion (roughly Rs. 14.3 billion) Series B financing round. The round was funded by Thrive Capital for the first consecutive...

Recently, Codex has been receiving rave reviews on social media. Some users have discovered that inviting a friend to join Codex resets the rate limit. Even if the invited user isn’t a new user or subscriber, as long as they open Codex via the link and...

Last night, Israeli AI software monitoring unicorn Coralogix completed $200 million (about RMB 1.35 billion) in Series F financing, with a post-investment valuation of $1.6 billion (about RMB 10.8 billion). The round of financing amount will be mainly used for AI intelligent body capability research and development, telemetry data technology set...

Early this morning, Anthropic's strongest general-purpose model Claude Opus 4.8 was officially released, the new model benchmark test comprehensively surpasses Gemini 3.1 Pro, Opus 4.7, only one inferior to the GPT-5.5, but the price of its standard model remains the same...