Hangzhou-based Unitree Robotics has priced its Shanghai IPO at 150.8 yuan ($22.34) per share, valuing the humanoid robot maker at approximately 61 billion yuan ($9.04 billion). The offering aims to raise $904 million through the sale of 40.4 million shares, with backing from AI company DeepSeek.
Chinese AI startup DeepSeek has restarted its second funding round targeting 50 billion yuan ($8 billion) at a pre-money valuation of 500 billion yuan ($74 billion), while simultaneously announcing significant price hikes for its services amid surging global demand.
The European Union has rolled out a new team of 38 officials to enforce its AI Act, which came into force on July 31, 2026. The team will regulate AI companies globally, focusing on deepfakes, illicit imagery, chatbots, and systemic risks in what represents the world's first comprehensive AI regulation.
DeepSeek published an upgraded V4-Flash model that jumped 10 points to 50 on the Artificial Analysis Intelligence Index, putting it just one point behind OpenAI's GPT-5.6 Luna at roughly 60% lower cost. The model shows significant improvements in agentic and coding capabilities.
Chinese AI startup DeepSeek is planning to build a massive gigawatt-scale artificial intelligence data center in Inner Mongolia, marking a significant expansion in computing infrastructure for the company that has demonstrated competitive capabilities against leading Silicon Valley AI models.
The launch of Moonshot AI's Kimi model has intensified divisions in Silicon Valley over American AI competitiveness and whether to support open-source AI or restrict Chinese open-source models. Chinese models from startups like DeepSeek and Moonshot AI are gaining U.S. adoption due to their affordability and efficiency.
Chinese artificial intelligence and technology firms are raising capital through Hong Kong listings and private funding rounds. Zhongji Innolight planned to raise at least $8 billion through a Hong Kong listing, while DeepSeek was reportedly nearing a proposed $7.4 billion private funding round backed by Tencent and CATL that had not been publicly confirmed.
Moonshot AI unveiled its Kimi K3 model, described as the world's largest open-weights AI system, which the company claims matches or exceeds OpenAI and Anthropic's leading models on some benchmarks. The release triggered market volatility in AI and semiconductor stocks as investors drew comparisons to last year's 'DeepSeek moment.'
Meta's Oversight Board tested popular AI models from Anthropic, DeepSeek, Google, Meta, and OpenAI and found each LLM is significantly less likely to criticize governments known for restricting free speech compared to democratic governments.
Chinese AI models from companies like DeepSeek and Z.ai are gaining traction among U.S. companies, now representing over 30% of traffic on OpenRouter, as they cost significantly less than OpenAI and Anthropic while narrowing the performance gap.
Beijing-based Zhipu's GLM-5.2 AI model has ranked fourth on industry intelligence benchmarks, offering comparable performance to Anthropic and OpenAI at significantly lower prices. The development comes amid Trump administration AI restrictions and follows DeepSeek's market disruption in 2025.
DeepSeek has completed its first-ever external funding round, raising over 50 billion yuan ($7.4 billion) at a valuation exceeding $50 billion, using an unusual deal structure designed to preserve founder control. The funding marks a significant milestone in China's AI ambitions and positions DeepSeek as China's most valuable AI startup.
Chinese AI startup DeepSeek is close to finalizing approximately $7 billion in funding from investors including Tencent Holdings, CATL, NetEase, and JD.com, in one of China's largest startup financings. The round would value the company at between $52-59 billion.
China has begun limiting international travel for top artificial intelligence talent working at private companies including Alibaba Group Holding Ltd. and DeepSeek, marking an escalation in Beijing's efforts to protect strategic technology and compete with the US in AI development.
Chinese AI startup DeepSeek released preview versions of its V4-Pro and V4-Flash models featuring up to 1.6 trillion parameters and one-million-token context windows, claiming to close the gap with frontier models while maintaining significantly lower pricing than US competitors.
Chinese AI company DeepSeek is preparing to release its new-generation large language model, DeepSeek V4, with a trillion parameters by the end of April, coinciding with its first funding round at over $10 billion valuation.
Northwestern Medicine study found AI models from Meta, Google, and DeepMind generate more complete summaries of complex cancer pathology reports than physicians, potentially improving clinical communication and patient understanding.
