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On August 3, 2026, QiuZhi Technology—which had been in operation for just over three years—once again found itself in the spotlight of the embodied intelligence industry. The robotics startup, which emerged from the Tsinghua University Institute of Intelligent Industry, announced the completion of a $100 million Angel+ round of financing. IDG Capital, StarLink Capital, Wuyuefeng Sci-Tech, and Dachen Capital...

In August 2026, OLIX, a British AI chip startup, completed a high-profile funding round. The company, which had been in operation for just two years, raised $312 million in Series B funding, bringing its post-investment valuation to $3.3 billion. This followed a $220 million funding round completed in February 2026, which valued the company at just over $1 billion...

The first wave of generative AI primarily took place in the fields of text, images, code, and video. While it has transformed knowledge production and digital content creation, it has not yet fully addressed the underlying constraints of physical industries such as semiconductors, energy, chemicals, and automotive. CuspAI aims to tackle precisely the most challenging aspects of these industries...

On July 20, 2026, Meshy, an AI-powered 3D generation platform, announced the completion of a Series B funding round of nearly $400 million, bringing its post-investment valuation to over 10 billion yuan. This round was co-led by IDG Capital, Matrix Partners China, Monolith Capital, and strategic investors, with Granit...

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...

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...

On July 1, the official website and WeChat official account of Shanghai Dongfang Suanxin Technology Co., Ltd. (hereinafter referred to as "Dongfang Suanxin") were simultaneously launched. This 3D AI chip company, led by Wei Shaojun—a leading figure in China’s chip design industry—has finally unveiled itself. According to authoritative sources...

During early trading on June 30, Cambricon (688256.SH), the leading A-share company in computing power chips, surged by more than 8%, with its share price breaking through the 1,600 yuan mark in one fell swoop and reaching an intraday high of 1,620 yuan per share. its total market capitalization officially surpassed 10000亿元, making it the first individual stock in the history of the STAR Market to reach a market capitalization of over one trillion...

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...

On June 22, 2026, the bell rang at the Hong Kong Stock Exchange. With an offering price of 7.2 Hong Kong dollars, the stock opened at 29 Hong Kong dollars—a 302.781% increase. TP4T—a Shenzhen-based company that, over the course of more than a decade, has become the nation’s leader in "light invisible to the human eye." I. Founding: Two Start-ups, Each More Ambitious Than the Last — Haiqing Zhiyuan...

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...

On June 18, 2026, a bombshell hit China’s AI application layer. Evoken announced the completion of a Series B+ funding round of nearly $300 million, bringing its post-investment valuation to over $2 billion—one of the largest single funding rounds in China’s AI application layer to date. Granite A...

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...

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...

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...".

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...

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...

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...

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 ...

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...