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RoyLopez
RoyLopez
June 16, 2026

DeepSeek completed its first round of financing exceeding 7 billion dollars through an unconventional structure, with a post-investment valuation over 50 billion dollars. Funds went to a limited partnership managed by CEO Liang Wenfeng, who personally invested 2 billion dollars. Investors receive economic rights but no voting rights, with a five-year lock-up. Strategic investors include Tencent and CATL, providing significant capital for AI model development and computing infrastructure.

DeepSeek completed its first round of financing exceeding 7 billion dollars through an unconventional structure, with a post-investment valuation over 50 billion dollars. Funds went to a limited partnership managed by CEO Liang Wenfeng, who personally invested 2 billion dollars. Investors receive economic rights but no voting rights, with a five-year lock-up. Strategic investors include Tencent and CATL, providing significant capital for AI model development and computing infrastructure.
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Author JosephGreen JosephGreen September 24, 2026
China's first AI-generated long drama The Later Journey to the West premiered on Hunan TV on August 31. Produced by Mango TV and Bojing Culture using Seedance 2.0, the 60-episode series required no cameras, cutting costs significantly compared to traditional filming. The project leveraged a new review-while-broadcasting policy and completed production in just three months. It garnered over 150 million views on Mango TV within a week, marking a milestone in AI-driven content creation and demonstrating a shift from camera-based logic to frame-by-frame generation.
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Author JustinNelson JustinNelson September 24, 2026
Ant Financial subsidiary Ant AI published an AI-Transparency repository on Hugging Face, detailing training data summaries for its Ling, Ring, and Ming model series. The disclosure follows EU AI Act Article 53 standards, listing specific versions like Ling-3.0 and Ring-2.6 with source documents but excluding model weights or datasets. This structured release aims to ensure regulatory compliance for general-purpose AI providers in Europe while offering transparency into model development without granting third-party rights or implying official certification of the models' capabilities.
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Author CarlGonzalez CarlGonzalez September 24, 2026
Google launches Gemini 3.8 Flash TTS with voice customization. Tencent releases Hy Translate App for offline translation. Kimi K3.1 expected in October with long context and agent features. Huawei launches Xiao Yi Work assistant. iQiyi emphasizes AI as content value. Doubao offers 30-day free trial. Tencent's Hy Image3.5preview joins WorkRally for film creators. Zhiyuan delivers 10,000th Yuncheng A3 Ultra robot to Changlong for theme park operations.
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Author CarlJones CarlJones September 24, 2026
OpenAI, Anthropic, and Hugging Face urged UN leaders to establish global AI safety standards and incident reporting. The Trump administration rejected this, opposing any international governance structure that might restrict US technological advancement or transfer regulatory authority. While companies advocate for coordinated risk assessment, the US insists on maintaining its competitive edge without binding global oversight.
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Author AlbertLopez AlbertLopez September 24, 2026
Tencent launched the Tencent Hy Translation app on September 24, leveraging its open-source Hy-MT2 model. The app supports 33 languages including five Chinese minority dialects and offers voice, photo, and offline translation. It is available in 12 regions including the US, Japan, and Southeast Asia. The underlying Hy-MT2 model, open-sourced in May, significantly improves multi-language instruction following and professional translation accuracy compared to previous versions, enabling stable offline use without internet connectivity.
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