News

Swedish AI programming startup Lovable recently closed a new funding round, with its valuation soaring to $6.6 billion (approximately RMB 46.5 billion). This represents a more than threefold increase from its previous valuation of $1.8 billion (approximately RMB 13 billion) after the last funding round, making it one of Europe's most valuable startups. The company specializes in short...

Today, Ant Group announced the rebranding of its AI health application AQ to “Ant Afu,” alongside the release of a new app version featuring upgrades to three core functions: health companionship, health Q&A, and health services. Its positioning has shifted from an AI tool to an AI health companion. For instance, through Afu's “health companionship” feature, users can...

In the early hours of today, coinciding with OpenAI's tenth anniversary, the company officially launched its most powerful model to date, GPT-5.2, alongside the simultaneous release of ChatGPT and its API system. This update includes three variants of GPT-5.2: Instant, Thinking, and Pro...

On December 8, Unconventional AI, an AI computing power company established just two months prior, announced the completion of a $475 million (approximately RMB 3.356 billion) seed round financing, achieving a valuation of $4.5 billion (approximately RMB 31.8 billion). This funding was led by...

Last Thursday, AI video generation platform Pollo AI announced the completion of a $14 million (approximately RMB 98.97 million) seed round of financing. This round was led by GaoCheng Capital with participation from ZhenFund, marking Pollo AI's first institutional funding since its launch in September 2024. ...

On December 4, U.S.-based AI legal technology company Harvey announced it had raised $160 million (approximately RMB 1.131 billion) in Series F funding, achieving a valuation of $8 billion (approximately RMB 56.573 billion). This funding round comes just five months after its previous financing, during which the company...

On November 3, OpenAI announced its acquisition of Neptune, a Polish startup specializing in AI model training tools. The two companies have reached a definitive agreement for the acquisition through a stock swap, with some Neptune employees joining OpenAI. Although OpenAI did not disclose the financial terms of the transaction...

Today, The Information has learned from investor filings and people familiar with the matter that AI data analytics platform Databricks is in talks for a new funding round worth up to $5 billion (approximately RMB 35.4 billion). In this round, Databricks' valuation...

“Lingguang”, completely on fire. Last week, Ant Group released the full-modal universal AI assistant Lingguang, perhaps one of the biggest surprises in the AI application track at the end of 2025. Lingguang's downloads showed accelerated growth, and on the first day of the launch, Lingguang's downloads exceeded 200,000, and on the fourth day exceeded 100...

Last night, U.S.-based AI music creation platform Suno announced the completion of a $250 million (roughly Rs. 1.777 billion) round of C financing, valuing the company at $2.45 billion (roughly Rs. 17.415 billion), up from a $500 million (roughly Rs. 3.554 billion) valuation in May last year,...

Early this morning, US-based AI video startup Luma AI made an announcement that it has completed $900 million (roughly Rs. 6.397 billion) in Series C funding. According to sources, Luma AI's valuation has reached about $4 billion (about Rs 28.432 billion). This round of financing...

Early this morning, Google's strongest reasoning model, Gemini 3, was finally unveiled, a model that encompasses a wide range of native multimodal, reasoning, and Agent capabilities. The Google DeepMind research team says it is the world's most advanced multimodal understanding model, Google's most powerful Agent programming and atmosphere...

On November 17, Japanese AI unicorn Sakana AI announced the completion of $135 million (about RMB 960 million) in Series B financing, valued at $2.635 billion (about RMB 18.73 billion), bringing the total financing to about $347 million (about RMB 24...

52 people, an AI PPT tool, annual revenue of hundreds of millions of dollars. In Silicon Valley AI companies generally “burn money for growth” in 2025, but they rely on PPT to do a miracle valuation of 2.1 billion dollars. The name of this company is Gamma. Gamma has 70 million users...

The highest valuation of an AI programming company in the world has just been set again. Cursor (the company behind it is Anysphere), a popular frying pan of the AI programming world, has once again stretched the industry's imagination to its fullest - with its latest valuation soaring to $29.3 billion, or roughly 207.9 billion...

Today, 2025 Baidu World Congress opened in Beijing, in the General Assembly, Baidu Group Vice President, Xiaodu Technology CEO Li Ying announced that Xiaodu voice assistant will be comprehensively upgraded to a multi-modal AI intelligent assistant super Xiaodu, all Xiaodu's new products will be equipped with super Xiaodu, and tens of millions of Xiaodu has been sold devices to support...

Since the beginning of this year, the open source big model battlefield has been full of smoke. People from all walks of life are fully invested here, trying to seize the ecological position in the next era of AI. And a trend that can't be ignored is that Chinese big models, are strongly ruling the 'Hall of Fame' of open source base models. From DeepSeek in Code and Math...

On November 3, Hippocratic AI, a U.S.-based generative AI medical unicorn, announced the completion of a $126 million (roughly Rs. 897 million) round of C financing, with participation from CapitalG, an independent growth fund under Google parent company Alphabet. This round of financing also makes...

Arithmetic power has become the core engine that drives the continuous evolution of the AI industry. With the rapid rise of the domestic large model system, the construction of an autonomous, controllable and sustainable domestic arithmetic ecological closed loop, so that the domestic arithmetic platform is deeply adapted to the domestic AI ecosystem, has become the consensus of the industry and the key direction. It is gratifying that...

On October 29, Karan Goel, founder and CEO of U.S.-based speech-generation startup Cartesia, announced the launch of a new speech model, Sonic-3, on social platform X. He also disclosed that it had completed a $100 million (roughly Rs. 712 million) financing round, which NVIDIA...