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Chinese AI leader DeepSeek's latest valuation has been unexpectedly revealed, reaching approximately 351 billion yuan ($50B+). Following this funding round, the company has already initiated a new round of financing. Speculation continues regarding a potential year-end IPO on the STAR Market, though no confirmation has been made.
Read MoreAn Iranian official stated that retaliatory actions for martyred leaders do not harm diplomacy but demonstrate the system's resolve, serving as strategic leverage against US bullying. This approach is framed as aligning with religious law, national interests, and international realities.
Read MoreThe European Commission is preparing a comprehensive banking reform to relax capital rules and facilitate cross-border mergers. This initiative aims to enhance the competitiveness of EU banks in the global financial landscape, potentially reshaping the regional banking sector.
Read MoreAI Agent trading volume on Robinhood Chain via Virtuals has surged past $100 million in just over a week. With over 2,440 Agents launched, the platform has raised $1.8 million for developers from firms like Google, cementing its role as core infrastructure.
Read MoreA new permanent capital company, backed by notable investors, has raised $40 million. Its strategy involves acquiring cash-flowing businesses and allocating retained earnings to Bitcoin as a core treasury reserve asset.
Read MoreCXMT's IPO strategic placement list reveals participation from national funds, industry leaders, and major hedge funds. Liang Wenfeng's quantitative fund placed substantial bids at the high end of the price range, indicating strong confidence. Several tech and auto companies also secured allotments with lock-up periods.
Read MoreAlpaca, an AI and tokenization-focused financial infrastructure platform, has raised $135 million in a new funding round led by Peak XV. The fresh capital, bringing its total funding to $435 million, will accelerate development of its AI-native brokerage infrastructure and API-first prime brokerage services, helping institutions bridge traditional and on-chain markets.
Read MoreMiniMax will showcase its omni-modal models, including the debut M3 and H3 series, at the 2026 World AI Conference (WAIC). The newly unveiled M3 model features enhanced multimodal capabilities for processing images and videos, enabling AI agents to operate within computer environments and significantly expand perceptual boundaries.
Read MorePre-market trading on July 16 saw a sharp sell-off in U.S. storage chip stocks. Key players including Western Digital and Micron Technology fell over 5%, highlighting growing investor concerns about near-term sector performance.
Read MoreThe Million team's ReactBench v1 benchmark tests AI coding agents on real-world React tasks. GPT-5.6 Sol leads with a 43.1% score, but no model surpassed 50% success. Tests revealed AI frequently introduces bugs and security issues, highlighting a critical performance gap despite significant cost differences among models.
Read MoreCX Technology announced its STAR Market IPO results, with an online lottery rate of approximately 0.4714%. Priced at ¥8.66 per share, the offering attracted over 9.42 million valid subscriptions totaling 816.92 billion shares, reflecting strong market interest in the semiconductor firm.
Read MoreChangpeng Zhao, founder of Binance, shared on social media that his book "Binance Life" ranked first in the "Science & Humanities" category of Hong Kong Commercial Press's June 2026 bestseller list. The achievement highlights the unique appeal of blending tech entrepreneurship with humanistic reflection.
Read MoreMoonshot AI, a Chinese startup, is set to launch its Kimi K3 model with a staggering 2-3 trillion parameters, challenging the performance of Anthropic's Opus 4.8. In a significant move, it will be offered as a free, open-weight model, intensifying the global AI race and narrowing the gap with US leaders.
Read MoreNVIDIA CEO Jensen Huang recently stated the company is at the start of a new technological cycle. He emphasized that AI-driven computing demand will continue to grow explosively, marking a long-term structural shift, not a short-term trend, underscoring NVIDIA's central role in future digital infrastructure.
Read MoreChinese AI leader MiniMax debuted in offshore bond markets with a HK$6.5 billion convertible bond issuance. The bond's terms, particularly a low redemption threshold, are seen as favorable to the issuer, reflecting investor confidence in its growth prospects.
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