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    DeepSeek's second round of financing increased to about 100 billion yuan

    DeepSeek's second round of financing has been scaled up. According to a Huxiu report on October 13, 2026, the round is planned to increase from 50 billion yuan to about 100 billion yuan, with the pre-money valuation still about 500 billion yuan, and new and existing shareholders each planning to invest half. The new investors are mainly industrial capital, including Shixi Capital, SMIC Capital, Geely, and others, while CATL plans to add about 10 billion yuan. The report also mentioned that an LP of a fund said the deal is still changing dynamically, and DeepSeek's public relations department declined to comment on the financing information. The company has hired Yan Wentao, former partner of Hillhouse Venture Capital, as CFO, and outsiders expect an IPO to be advanced as early as early 2027. Currently, there is no subsequent evidence-supported progress on this financing.

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    View story:DeepSeek's second round of financing increased to about 100 billion yuan

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  1. Story1 reports · 1 facts

    CrowdStrike Report: VAPOR PANDA Uses AI Agents to Attack Over 200 Targets

    On October 29, 2026, CrowdStrike Intelligence released a report stating that the China-linked group VAPOR PANDA used the AI-driven ARTEX intrusion framework to target more than 200 organizations in at least 14 countries over an 11-day period beginning October 17, 2026, and confirmed post-compromise activity at 9 of them. The report states that ARTEX relies primarily on the DeepSeek large language model, supplemented by another commercial model, with a main agent and planning and execution sub-agents sharing a fact and goal graph; in a single intrusion, the planning agent consumed approximately 1.4 billion input tokens, and operators issued instructions in Chinese and intervened at key junctures. CrowdStrike also stated that the group deployed the BLOODALCHEMY backdoor at some targets, and predicted that China-linked adversaries will increasingly adopt such agent frameworks over the next 12 months. The report was covered by Unite.AI on October 30, 2026, and there are no subsequent developments as of yet.

    n at least 14 countries over an 11-day period beginning October 17, 2026, and confirmed post-compromise activity at 9 of them. The report states that ARTEX relies primarily on the DeepSeek large language model, supplemented by another commercial model, with a main agent and planning and execution sub-agents sharing a fact and goal graph; in a single intrusion, the planning agent consumed approximately 1.4 billion input tokens, and operators issued instructions in Chinese and intervened at key ju

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Wednesday

  1. Story7 reports · 2 facts

    China's Ministry of Commerce and Ministry of Science and Technology plan to expand the export control technology catalog

    On October 16, 2026, China's Ministry of Commerce and Ministry of Science and Technology issued Announcement No. 48, soliciting public comments on revisions to the Catalog of Technologies Prohibited or Restricted from Export in China, proposing to add 40 technologies, 23 of which fall under artificial intelligence, covering advanced large models, AI agents, and large-scale computing clusters. The draft sets three thresholds for frontier model weights, with any one triggering restrictions: training compute of no less than 10^26 floating-point operations, parameter count of no less than 2 trillion, or ranking in the global top ten on indicators such as public benchmark rankings and global call volume at the time of export; high-performance agents intended for critical infrastructure, national defense, or core government uses are directly prohibited from export. The comment period for the newly added portions of the catalog runs until November 15, 2026, and the already-effective pre-export registration requirement applies immediately. On October 23, DeepSeek and MiniMax completed registration for open-source and overseas authorized use, and will continue to open-source their models.

    ll volume at the time of export; high-performance agents intended for critical infrastructure, national defense, or core government uses are directly prohibited from export. The comment period for the newly added portions of the catalog runs until November 15, 2026, and the already-effective pre-export registration requirement applies immediately. 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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Sunday

  1. Story1 reports · 1 facts

    Tenstorrent raises $1.5 billion at a $6.2 billion valuation

    Tenstorrent closes $1.5 billion funding round at a $6.2 billion valuation. According to a TechCrunch AI report on October 20, 2026, the round was led by Trace Capital and Innovation X, with participation from Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price; the valuation is more than double the $2.6 billion at the end of 2024. The report said CEO Jim Keller stated that after demonstrating that the company's Galaxy servers can run DeepSeek models, the company decided to remain independent and continue raising funds, and that the new capital will be used to expand chips for inference on open-weight models and video generation. There are currently no subsequent developments.

    ipation from Cadence Ventures, Eclipse, Fidelity, SanDisk, and T. Rowe Price; the valuation is more than double the $2.6 billion at the end of 2024. The report said CEO Jim Keller stated that after demonstrating that the company's Galaxy servers can run DeepSeek models, the company decided to remain independent and continue raising funds, and that the new capital will be used to expand chips for inference on open-weight models and video generation. There are currently no subsequent developments.

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Wednesday