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RaymondRoberts
RaymondRoberts
September 24, 2026

DeepSeek annualized revenue exceeds 1 billion USD doubling from under 500 million due to price hikes and adoption. CEO Liang Wenfeng revealed this at an investor meeting as the company nears its second funding round and Shanghai IPO. Aiming to raise 50 billion yuan by October end DeepSeek targets a 500 billion yuan post-investment valuation. This marks a record capital scale for domestic large model startups signaling strong commercialization potential amid broader AI monetization scrutiny and boosting investor confidence ahead of its public market entry.

DeepSeek annualized revenue exceeds 1 billion USD doubling from under 500 million due to price hikes and adoption. CEO Liang Wenfeng revealed this at an investor meeting as the company nears its second funding round and Shanghai IPO. Aiming to raise 50 billion yuan by October end DeepSeek targets a 500 billion yuan post-investment valuation. This marks a record capital scale for domestic large model startups signaling strong commercialization potential amid broader AI monetization scrutiny and boosting investor confidence ahead of its public market entry.
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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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Author DennisAllen DennisAllen September 24, 2026
Google DeepMind head Demis Hassabis announced that next-generation flagship model Gemini 4 has entered early post-training and aims for release before year-end. Skipping Gemini 3.5 Pro, Google focused on rapid iteration and Flash models to accelerate learning. Gemini 4 is currently undergoing safety testing and is already used internally for programming tools. Hassabis expressed full confidence in the team's ability to stay at the forefront of technology, emphasizing the development of trustworthy agents over AGI debates.
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Author RoyWhite RoyWhite September 24, 2026
Huawei launches Xiaoyi Work, an AI assistant for office tasks, coding, and creative work. Compatible with HarmonyOS devices, it offers a 31-day free trial with 1000 AI points. The tool handles market research, document processing, and code development by autonomously breaking down goals and executing tasks. It supports seamless cross-device collaboration between phones, tablets, and computers, allowing users to submit tasks remotely, monitor progress, and choose cloud or local execution. Tasks sync automatically across devices, enabling continuous work from computer to phone. Features include optimizing PPTs, summarizing content, and designing visual posters, with manual review options at key nodes.
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