UK AI startup Emulate launches new round targeting up to $700M at ~$3.7B valuation, led by Index Ventures. Founded Aug 2026, founders are ex-DeepMind, built Genie world model generating realistic video and interactive 3D from brief prompts, shaking gaming.....
OpenAI is in talks for new private funding targeting a $1.2 trillion valuation, up from $852 billion set in March, keeping its lead in private tech fundraising. The valuation assumes a 2027 IPO of similar scale; advisors discussed listing as early as Q3.....
DeepSeek has hired CITIC Securities to prepare for an IPO on the Sci-Tech Innovation Board. The company plans to submit its IPO application this year and list next year. The fundraising will be mainly used to expand computing power infrastructure, increase investment in cutting-edge large models and chip R&D, and strengthen core R&D talent incentives.
The capital market shows unprecedented enthusiasm for China's new generation of artificial intelligence. The domestic large model company Minimax has become the most favored stock listing for mainland investors. In August, mainland investors bought its stocks through Hong Kong Stock Connect worth 10.6 billion Hong Kong dollars, with a fundraising scale leading among similar innovative companies, even surpassing giants like Alibaba.
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