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DeepSeek's new funding round drew subscriptions exceeding the original 500 billion yuan target, with the term sheet pointing to nearly 100 billion yuan and a post-investment valuation of about 500 billion yuan. Tencent and CATL pledged the largest contributions, and the deal is expected to close within October, followed by a restructuring of the corporate structure to pave the way for an IPO in early 2027. External investors hold shares indirectly through limited partnerships, with no voting rights and a five-year lock-up; Liang Wenfeng controls a combined roughly 84% of equity and nearly all voting rights. CATL has invested a cumulative total of more than 10.5 billion yuan across two consecutive rounds, and has also taken a stake in 21Vianet and increased capital in Zhongheng Electric, integrating green power and power distribution solutions for DeepSeek's gigawatt-scale data center in Ulanqab.
DeepSeek's new funding round drew subscriptions exceeding the original 500 billion yuan target, with the term sheet pointing to nearly 100 billion yuan and a post-investment valuation of about 500 billion yuan. Tencent and CATL pledged the largest contributions, and the deal is expected to close within October, followed by a restructuring of the corporate structure to pave the way for an IPO in early 2027. External investors hold shares indirectly through limited partnerships, with no voting rig
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According to a September 19 report by Reuters, two sources said Anthropic has built a wet lab in the San Francisco Bay Area and hopes to use Claude to direct robotic units in performing scientific experiments with limited human intervention, with the goal of developing treatments for rare diseases and not involving clinical trials. Eric Kauderer-Abrams, Anthropic's head of life sciences, confirmed the lab's existence, but a spokesperson clarified that the lab is not specifically for drug discovery. Anthropic previously also launched Claude Science software and acquired startup Coefficient Bio for approximately $400 million.
According to a September 19 report by Reuters, two sources said Anthropic has built a wet lab in the San Francisco Bay Area and hopes to use Claude to direct robotic units in performing scientific experiments with limited human intervention, with the goal of developing treatments for rare diseases and not involving clinical trials. Eric Kauderer-Abrams, Anthropic's head of life sciences, confirmed the lab's existence, but a spokesperson clarified that the lab is not specifically for drug discove
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According to media reports citing people familiar with the matter, Anthropic is seeking to go public as early as mid-November, and could launch its IPO roadshow as early as the week of November 9, potentially beginning trading before Thanksgiving on November 26, with a meeting with potential investors scheduled for October 14 at its San Francisco headquarters. The people familiar with the matter said investors believe its reasonable valuation is between $1.8 trillion and $2 trillion, and the IPO size is expected to be comparable to or even larger than SpaceX's. Previous reports showed that Anthropic's 2025 net loss was close to $42 billion, with full-year revenue of about $4.6 billion.
According to media reports citing people familiar with the matter, Anthropic is seeking to go public as early as mid-November, and could launch its IPO roadshow as early as the week of November 9, potentially beginning trading before Thanksgiving on November 26, with a meeting with potential investors scheduled for October 14 at its San Francisco headquarters. The people familiar with the matter said investors believe its reasonable valuation is between $1.8 trillion and $2 trillion, and the IPO
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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.
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,
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