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Tenstorrent raises $1.5B at a $6.2B valuation to expand open-weight AI chips
AI chip startup Tenstorrent has completed a $1.5 billion funding round at a valuation of $6.2 billion, more than double its $2.6 billion valuation at the end of 2024. The round was led by Trace Capital and Innovation X, with participation from Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price. CEO Jim Keller said the company decided to remain independent and continue raising funds after demonstrating that its Galaxy servers can run DeepSeek models, and that the new capital will be used to expand chips for open-weight model inference and video generation.
a valuation of $6.2 billion, more than double its $2.6 billion valuation at the end of 2024. The round was led by Trace Capital and Innovation X, with participation from Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price. CEO Jim Keller said the company decided to remain independent and continue raising funds after demonstrating that its Galaxy servers can run DeepSeek models, and that the new capital will be used to expand chips for open-weight model inference and video generation.
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Doubao Phone Assistant SAEP public comment period ends, 155 apps refuse AI agent operation
The Doubao Phone Assistant Screen Automation Operation Declaration Protocol (SAEP) has ended its 30-day public comment period, and the list of third-party applications explicitly refusing has been updated from an initial 151 to 155, with 66 Tencent apps and 23 Alibaba apps leading, and DeepSeek and Kimi also among them. The refusal only targets AI agent screen recognition and simulated clicks; these apps can still be installed and used manually on the Nubia M153 and NaviX Ultra. After the public comment period ends, developers can still submit refusal declarations, and Doubao promises to disable support within 3 working days.
lic comment period, and the list of third-party applications explicitly refusing has been updated from an initial 151 to 155, with 66 Tencent apps and 23 Alibaba apps leading, and DeepSeek and Kimi also among them. The refusal only targets AI agent screen recognition and simulated clicks; these apps can still be installed and used manually on the Nubia M153 and NaviX Ultra. After the public comment period ends, developers can still submit refusal declarations, and Doubao promises to disable supp
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DeepSeek integrates the Harness team with the web, App, and open platform teams
On October 16, 2026, DeepSeek established a product department, integrating its four teams—Harness, Web, App, and Platform—under the leadership of Cui Tianyi, who comes from a quantitative trading background, to oversee product, design, and R&D. Related reports noted that DeepSeek Harness was open-sourced under the MIT license on August 13, and by mid-October the repository had accumulated about 250,000 GitHub stars; the official website has posted job openings for two directions: AI product manager and Agent Harness. The reports also mentioned that Guo Daya, a core contributor to R1, left in March 2026 to join ByteDance Seed because he believed the Agent direction was not a high priority within DeepSeek. Currently, this integration is coordinated by Cui Tianyi, and there are no further developments with supporting evidence at this time.
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View story:DeepSeek integrates Harness with the web, App, and open platform teams
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Foreign media report that DeepSeek has completed a second round of financing of 105.5 billion yuan
According to a report by The Information, DeepSeek has completed its second round of financing, raising 105.5 billion yuan (about 15.8 billion US dollars) and attracting nearly 30 investors. Phoenix Technology, citing the report, said Tencent and CATL each contributed 10 billion yuan, and that ChangXin Memory Technologies, SMIC, Meituan, vivo, Xiaohongshu and others were also among the investors; state-owned investors contributed about 27% of the amount in this round, far higher than 2% in the first round. East Money, citing the same report, said CATL and its chairman Zeng Yuqun contributed 5 billion yuan and 10 billion yuan in the two rounds respectively. The report also said that, affected by rising prices of Nvidia's high-end chips and precautions against an AI bubble, DeepSeek doubled the size of its fundraising midway through the financing. There is currently no official response from DeepSeek.
According to a report by The Information, DeepSeek has completed its second round of financing, raising 105.5 billion yuan (about 15.8 billion US dollars) and attracting nearly 30 investors. Phoenix Technology, citing the report, said Tencent and CATL each contributed 10 billion yuan, and that ChangXin Memory Technologies, SMIC, Meituan, vivo, Xiaohongshu and others were also among the investors; state-owned investors contributed about 27% of the amount in this round, far higher than 2% in the f
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Foreign media report DeepSeek's second round of financing at 105.5 billion yuan
According to a report by The Information, DeepSeek has completed its second round of financing, raising 105.5 billion yuan (about 15.8 billion US dollars) and attracting nearly 30 investors. Phoenix Technology, citing the report, said Tencent and CATL each contributed 10 billion yuan, and that ChangXin Memory Technologies, SMIC, Meituan, vivo, Xiaohongshu and others were also among the investors; state-owned investors contributed about 27% of the amount in this round, far higher than 2% in the first round. East Money, citing the same report, said CATL and its chairman Zeng Yuqun contributed 5 billion yuan and 10 billion yuan in the two rounds respectively. The report also said that, affected by rising prices of Nvidia's high-end chips and precautions against an AI bubble, DeepSeek doubled the size of its fundraising midway through the financing. There is currently no official response from DeepSeek.
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DeepSeek and MiniMax completed open-source and overseas licensing use registration
On October 16, 2026, China's Ministry of Commerce and Ministry of Science and Technology issued Announcement No. 48 of 2026, soliciting public comments on revisions to the Catalog of Technologies Prohibited or Restricted from Export in China, proposing to add 40 new entries, of which 14 are prohibited from export and 26 are restricted from export, and effective immediately, all newly added technologies are subject to pre-export registration. The draft for the first time includes advanced large models, AI agents, and large-scale computing clusters, setting three thresholds for frontier models: training compute of no less than 10^26 floating-point operations, no fewer than 2 trillion parameters, or reaching a globally leading level; the notes specify that technologies that have already entered the public domain through open-source or academic publication are not within the scope of control, and that open-source releases, enterprises building and operating their own overseas computing centers, and similar activities may obtain automatic licenses. The comment period runs until November 15. On October 23, DeepSeek and MiniMax completed registration for open-source and overseas authorized use, and will continue to open-source their models.
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DeepSeek integrates Harness with the web, App, and open platform teams
On October 16, 2026, DeepSeek established a product department, integrating its four teams—Harness, Web, App, and Platform—under the leadership of Cui Tianyi, who comes from a quantitative trading background, to oversee product, design, and R&D. Related reports noted that DeepSeek Harness was open-sourced under the MIT license on August 13, and by mid-October the repository had accumulated about 250,000 GitHub stars; the official website has posted job openings for two directions: AI product manager and Agent Harness. The reports also mentioned that Guo Daya, a core contributor to R1, left in March 2026 to join ByteDance Seed because he believed the Agent direction was not a high priority within DeepSeek. Currently, this integration is coordinated by Cui Tianyi, and there are no further developments with supporting evidence at this time.
On October 16, 2026, DeepSeek established a product department, integrating its four teams—Harness, Web, App, and Platform—under the leadership of Cui Tianyi, who comes from a quantitative trading background, to oversee product, design, and R&D. Related reports noted that DeepSeek Harness was open-sourced under the MIT license on August 13, and by mid-October the repository had accumulated about 250,000 GitHub stars; the official website has posted job openings for two directions: AI product man
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Report: DeepSeek raises about 100 billion yuan in new funding round
According to Bloomberg, DeepSeek raised about 100 billion yuan (approximately 15 billion US dollars) in its latest funding round, with CATL and Tencent among the largest investors in this round. People familiar with the matter said that during its discussions with investors, DeepSeek raised its funding target at least twice, from an initial 50 billion yuan to 80 billion yuan, and ultimately to 100 billion yuan. Shanghai Securities News reported the same day that Tencent and CATL were the largest contributors in this round, with the deal expected to be formally completed within the next few days, though the final amount is still not fully determined; DeepSeek, Tencent and other relevant investors have not publicly responded. There is currently no subsequent development with evidence.
According to Bloomberg, DeepSeek raised about 100 billion yuan (approximately 15 billion US dollars) in its latest funding round, with CATL and Tencent among the largest investors in this round. People familiar with the matter said that during its discussions with investors, DeepSeek raised its funding target at least twice, from an initial 50 billion yuan to 80 billion yuan, and ultimately to 100 billion yuan. Shanghai Securities News reported the same day that Tencent and CATL were the largest
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Report: DeepSeek's new funding round raises about 100 billion yuan
According to Bloomberg, DeepSeek raised about 100 billion yuan (approximately 15 billion US dollars) in its latest funding round, with CATL and Tencent among the largest investors in this round. People familiar with the matter said that during its discussions with investors, DeepSeek raised its funding target at least twice, from an initial 50 billion yuan to 80 billion yuan, and ultimately to 100 billion yuan. Shanghai Securities News reported the same day that Tencent and CATL were the largest contributors in this round, with the deal expected to be formally completed within the next few days, though the final amount is still not fully determined; DeepSeek, Tencent and other relevant investors have not publicly responded. There is currently no subsequent development with evidence.
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View story:Report: DeepSeek raises about 100 billion yuan in new funding round