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On June 23, NetEase Youdao officially launched and open-sourced its latest 'Ziyue 3' series large model, named 'Confucius3-Math' in English. This reasoning model, focused on mathematical education, can efficiently run on ordinary consumer-grade GPUs, becoming the first low-cost and high-performance AI educational tool in China. In a series of mathematical reasoning tasks, 'Ziyue 3' has demonstrated outstanding performance that surpasses many large-scale general models. The 'Ziyue Math Model' achieves this through large-scale reinforcement learning and a series of innovative algorithms.

Since 2021, OpenAI employees and former employees have cumulatively cashed out nearly $3 billion through equity sales. This number is remarkable, especially in the tech industry where frequent stock sales are not common. SoftBank became the largest buyer in this transaction, purchasing almost half of the shares, further solidifying its position in the field of artificial intelligence. OpenAI holds two equity sales per year, with a significantly higher frequency than many tech companies. The original intention of this practice was to provide employees with the opportunity for financial freedom, thereby retention.

The special mother fund for the AI industry in Jiangsu Suzhou (Limited Partnership) has officially completed industrial registration. This move marks an important step in Suzhou's capital layout in the field of artificial intelligence. The fund, established by the Joint Venture of Jiangsu Strategic Emerging Industries Mother Fund Co., Ltd. with multiple institutions, has a total scale of up to 6 billion yuan. Its main investment directions include key areas such as computing infrastructure construction, data, talent, and electricity, with a particular focus on the integration of "Artificial Intelligence + Manufacturing" and promoting applications in finance, education, healthcare, elderly care, tourism, and culture.

May 13, 2025 - The AI-powered developer tools platform Devv officially announced the entry of its 2.0 version into Private Beta phase. This marks a significant transformation for Devv over the past two years, evolving from its initial AI search engine to a more intelligent and efficient productivity tool for developers. It aims to redefine the developer workflow through innovative ways of generating and deploying code. From Search to Generation: Devv's Strategic Transformation Starting in 2023,

Fujitsu and Nutanix have collaborated to release Takane, a powerful Japanese large language model designed for enterprise private cloud deployments. This collaboration aims to provide businesses with a secure and efficient solution for leveraging AI within their own infrastructure.

According to investment industry sources, on April 21, 01VC announced the first close of its new RMB 500 million fund, receiving strong support from state-owned assets, market-oriented mother funds, and listed companies across multiple regions. This is the first RMB fund raised by the middle-generation managing partners of 01VC, continuing its focus on smart manufacturing and cross-border expansion. Investment rounds will be between Angel and Series B, with single investments ranging from RMB 5 million to RMB 50 million. The new fund will continue to follow 01VC's strategy of early-stage and small-scale investment, and provide post-investment empowerment and...

The Beijing Artificial Intelligence Industry Investment Fund recently announced an additional investment of 200 million RMB in Beijing Zhipu AI Technology Co., Ltd. (Zhipu). According to the fund, Zhipu is the first AI large language model company invested in since the fund's establishment and is one of the fastest-growing companies in the field. Zhipu has accumulated deep expertise in model development across text, reasoning, speech, image, video, and code, and boasts a robust commercialization strategy, having established a developer community and enterprise user base exceeding one million. This investment aims to further support Zhipu's growth and development.

China recently announced a 60 billion RMB (approximately $82 billion USD) national fund dedicated to investing in early-stage artificial intelligence (AI) projects. This move demonstrates Beijing's commitment to fostering the AI industry and aims to further elevate China's position in the global technology competition through government-led investment. According to Zhang Jianhua, an official from the Ministry of Industry and Information Technology, speaking at a conference in Shenzhen, the "National AI Investment Fund" was established in January this year under the joint guidance of industrial and financial departments. The fund's...

Andreessen Horowitz (a16z) is reportedly planning to raise a massive $20 billion fund, significantly bolstering its already substantial investments in the artificial intelligence sector.

In the latest development in the artificial intelligence field, OpenAI announced a remarkable $40 billion private funding round. This not only sets a new funding record but also catapults OpenAI's valuation to $300 billion, making it one of the largest private funding rounds ever. The news has garnered significant attention across the global tech industry. The funding round was led by SoftBank Group, with other investors including Microsoft, Coatue, Altimeter, and Thrive.

Artificial intelligence is disrupting the content creation industry at an unprecedented rate. Once the exclusive domain of resource-rich film studios, production houses, and media giants, high-quality content production is being democratized. Recently, AI-powered video editing platform OpusClip secured $20 million in funding from SoftBank Vision Fund 2, boosting its valuation to $215 million. This significant investment clearly signals a rewriting of the rules for digital content creation and distribution. As an AI video editing platform, OpusClip...

Shenzhen's State-owned Assets Supervision and Administration Commission (SASAC) announced plans to establish a 500 billion yuan ($69.4 billion USD) state-owned fund to focus on cutting-edge technologies, including artificial intelligence and robotics. The fund aims to support technology companies at all stages of development, from seed and angel rounds to Series A, B, C, and even IPO. This initiative is part of a broader strategy to build a comprehensive technological innovation fund network, encompassing a '20+8' full industrial chain, aligning with the city's government policies. Image caption omitted.

According to CNBC, Perplexity, the AI search engine developer, is raising a $50 million seed and pre-seed investment fund. The fund is largely capitalized by limited partners, with Perplexity contributing a portion of its previous funding as cornerstone capital. In December, Perplexity successfully raised $500 million, valuing the company at $9 billion. This investment fund is managed by two...

Japanese tech group SoftBank recently released its financial report, revealing a massive $2.4 billion loss over the past period. This loss primarily stemmed from poor performance of its Vision Fund investment portfolio. Despite facing challenges, SoftBank indicated its intention to make substantial investments in the field of artificial intelligence (AI), reflecting confidence in future technological trends. The latest financial report highlighted significant impairment of the Vision Fund's value, with many investment projects not meeting expectations. This situation has placed substantial financial pressure on SoftBank, as well as spurring market concerns.