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DeepSeek and MiniMax Complete AI Model Overseas Registration, Compliance Pathway Implemented

DeepSeek and MiniMax have completed the AI model overseas registration procedures, navigating the compliance process for open-source release and overseas licensing of large models. MiniMax's technology export registration this time covers some recently released and soon-to-be-released models, spanning both open-source release and overseas licensing scenarios. Previously, the Ministry of Commerce and the Ministry of Science and Technology publicly solicited opinions on October 16 regarding the revision of the Catalog of Technologies Prohibited or Restricted from Export in China, proposing to include 23 AI technologies within the scope of export controls.

DeepSeek and MiniMax complete AI model overseas registration, with compliance processes for open-source releases and overseas licensing now fully operational

DeepSeek and MiniMax have completed the relevant registration procedures, fully establishing the compliance processes for the open-source release and overseas licensing of their large models. According to Science and Technology Innovation Board Daily, MiniMax's technology export registration this time covers some recently released and soon-to-be-released models, spanning two major scenarios: open-source releases and overseas licensing. Previously, on October 16, the Ministry of Commerce and the Ministry of Science and Technology jointly issued an announcement soliciting public comments on the revision of the Catalog of Technologies Prohibited or Restricted from Export in China, proposing to include 23 AI technologies within the scope of export controls.

Shanghai issues an action plan for AI empowering the industrial services sector, with a target of over 85% application penetration by 2028

The Shanghai Municipal Commission of Economy and Informatization issued the "Shanghai Action Plan for Accelerating the High-Quality Development of AI-Empowered Industrial Services (2027-2028)," proposing that by 2028 the AI application penetration rate in the industrial services sector reach over 85%, strive to cultivate 10 digital-intelligent native unicorn enterprises, build 5 industry-level collaborative design platforms, and promote 500 high-quality enterprises to build Shanghai advanced-level smart factories. The plan focuses on full-chain upgrading across R&D and design, supply chain services, flexible manufacturing, embedded quality inspection, and predictive operation and maintenance deployment, and provides up to 20 million yuan in support for technical breakthroughs such as intelligent production scheduling and dispatching hubs, AI inspection equipment, and predictive operation and maintenance. The plan also proposes supporting industrial agent task planning and swarm collaboration, developing lightweight vertical small models adapted to self-developed AI chips, and providing up to 5 million yuan in subsidies for enterprises calling third-party large model APIs or deploying them privately.

The top three AI 3D players raised over 8 billion yuan in half a year; Meshy's ARR exceeds $100 million

The three AI 3D companies VAST, Meshy, and Yingmou raised a combined total of over 8 billion yuan in half a year, among which VAST raised over 5 billion yuan in half a year with a valuation of $2 billion, and Meshy completed a $400 million funding round with a post-money valuation of $1.5 billion. As of the end of September, Meshy's ARR exceeded $100 million, and the ARR of VAST and Yingmou also reached tens of millions of dollars. The three have different roadmaps: VAST wants to build a 3D version of Douyin and open-sourced the real-time renderer EdenLive, Meshy adopts subscriptions plus pay-per-use, and Yingmou targets professional users and enterprise production workflows.

Shanghai releases an action plan for AI empowering industrial services, targeting an application penetration rate of over 85% by 2028

The Shanghai Municipal Commission of Economy and Informatization released the "Shanghai Action Plan for Accelerating the High-Quality Development of AI-Empowered Industrial Services (2027-2028)", proposing that by 2028 the penetration rate of AI applications in industrial services reach over 85%, striving to cultivate 10 digitally native unicorn enterprises. The plan provides funding support ranging from up to 5 million to 20 million yuan for stages including R&D and design, supply chain services, flexible manufacturing, embedded quality inspection, and predictive maintenance, and clearly identifies research directions such as industrial agent task planning and swarm collaboration, device-cloud collaborative inference and lightweight vertical small models, and industry high-quality corpus libraries.

MiniMax Hong Kong stock falls below IPO price, Yan Junjie's net worth shrinks by about HK$92.5 billion in half a year

On October 22, MiniMax (0100.HK) closed down 6.52% at HK$160.7 per share, with total market value falling to HK$56.6 billion, falling below the IPO price of HK$165 per share for the first time since listing. Compared with the high of HK$1,330 per share in March, the stock price has fallen nearly 90%, and the value of founder Yan Junjie's stake has dropped from more than HK$100 billion to about HK$12.7 billion. The article attributes the pullback to the flagship model M3 not being updated for four months afterward, with only M3.1 Flash released, as well as an overall valuation re-rating of the AI sector.

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AI assistant Instinct, founded by a 23-year-old college dropout, saw its valuation rise from $2.5 billion to $10 billion in two months

AI assistant Instinct saw its valuation rise from $2.5 billion to $10 billion in less than two months, with its Series C led by Sequoia Capital, Benchmark, and Coatue, and only 14 full-time employees. Founder Noah Shinn is 23 years old, dropped out of college, published the Agent paper Reflexion at NeurIPS as first author, and later joined Sierra as a research scientist. Instinct uses authorized permissions for email, calendar, credit cards, and more to book tickets, shop, cancel subscriptions, and negotiate insurance for users via text message or phone instructions; users spend an average of more than $1,300 per month through it, but its excessive permission requests have also sparked privacy controversy.

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Duke Health doctor completes hip surgery using Apple Vision Pro

An orthopedic surgeon at Duke Health wore the $3,499 Apple Vision Pro during hip arthroscopy, using an app that received FDA De Novo authorization via Stryker to display real-time arthroscopic video, CT images, and HipCheck and HipMap data together in a single field of view. The authorization was granted on July 17, marking the first time Vision Pro has been cleared for intraoperative use. In addition, AI futurist Ray Kurzweil has joined brain-computer interface startup Subsense as a product and vision advisor; the company uses nanoparticles delivered intranasally to read and stimulate neural signals, is currently in the preclinical stage, has raised $27 million, and plans to conduct clinical pilots between 2027 and 2029.