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Lin Junyan has launched a new venture that has achieved a valuation of approximately $2 billion. This startup is focused on the emerging field of AI, aiming to capitalize on the rapid advancements in the sector. The company is positioned to become a significant player in the AI landscape. AI

The National Science Foundation (NSF) has expanded its PhD fellowship program, awarding 2,599 grants to applicants out of nearly 14,000 who applied. This competitive program saw significant growth in applications for engineering, quantum science, and artificial intelligence. AI

Lin Junyan has launched a new venture that has achieved a valuation of approximately $2 billion. This startup is focused on the burgeoning field of artificial intelligence. The news also mentions that Jia Yueting is shifting his focus to robotics. AI

Lin Junyang, formerly the technical lead for Alibaba's Qwen large language models, has launched a new AI venture. The company is reportedly exploring directions such as world models and embodied intelligence. Lin is seeking to raise funds at a valuation of approximately $2 billion USD, with initial discussions held with venture capital firms like Sequoia China and Gaorong Capital. AI

A new venture founded by Lin Junyang has achieved a valuation of approximately $2 billion. This startup is reportedly focusing on the burgeoning field of AI, with details emerging from exclusive reports. The news also touches upon Jia Yueting's pivot to robotics and the discovery of undeclared pharmaceutical ingredients in popular candies. AI

A new company founded by Lin Junyan has achieved a valuation of approximately $2 billion. The venture is focused on the emerging field of artificial intelligence, specifically in areas related to intelligent emergence. This development highlights significant investment and interest in the AI sector. AI

Airbus and Blackstone are reportedly nearing a deal to invest nearly €600 million in German drone startup Quantum Systems. This funding round could value Quantum Systems at €7 billion. Separately, Nissan reported a significant net loss of 533.1 billion yen for the 2025 fiscal year, attributing it to declining global sales, tariffs, and inflation. AI

Challenger startup Qianli Technology, co-founded by AI veteran Yin Qi and former Honor CEO Zhao Ming, aims to become a top global autonomous driving supplier within three years. The company is pursuing an aggressive strategy of deploying L4-level autonomous driving architecture into L2 production vehicles, leveraging a unified technical framework and a proprietary foundational model developed with Jieyue Xingchen. Qianli Technology has set ambitious targets, including delivering 8 million sets of intelligent driving solutions in three years and having 300,000 Robotaxis on the road by 2030, with early commercial successes seen in the Zeekr 8X model. AI

Alibaba announced its fiscal year 2026 financial results, highlighting significant growth in its cloud computing segment. The company's AI-related products now constitute 30% of its external cloud revenue, which saw a 40% increase in commercialization. Additionally, Alibaba declared a quarterly cash dividend for its shareholders, payable in USD. AI

Alibaba's AI business has entered a commercialization phase, with annualized recurring revenue from its AI models and applications, including the Baichuan MaaS platform, projected to exceed 10 billion yuan in the June quarter and reach 30 billion yuan by year-end. This growth is driven by increasing demand from enterprise clients for model and application services, evidenced by a significant rise in token consumption. Concurrently, storage company Bowei Storage has refiled its application for an H-share listing in Hong Kong, though the offering remains subject to regulatory approvals. AI

OpenAI has launched a new entity, the OpenAI Deployment Company, backed by over $4 billion in initial investment. This new venture aims to help organizations integrate and deploy AI systems by embedding specialized engineers. The move follows a trend of tech companies, including Google and Anthropic, establishing dedicated teams and partnerships to facilitate enterprise AI adoption. AI

SEEKOO, a video AI startup, has secured tens of millions of dollars in funding. The company also launched Anijam.ai, a new platform that utilizes a multi-agent system for video generation. Anijam.ai has already attracted over 1,000 paying users, indicating early market adoption. AI

快手计划将其AI部门可灵（Kling）分拆出来，并寻求20亿美元的融资。此举表明了公司对AI业务的重视以及对独立发展的期望。此前，快手已在AI领域进行了大量投入，但面临预算快速消耗的挑战。 AI

AI safety firm Anthropic is reportedly in early-stage talks to acquire developer tools startup Stainless for at least $300 million. The deal may also involve Anthropic contributing some of its own stock as part of the acquisition. Negotiations are ongoing, and the final terms are subject to change. AI

Roadrunner, a startup co-founded by Joubin Mirzadegan, has secured $27 million in funding to develop AI-native configure, price, quote (CPQ) software. The company aims to streamline complex sales deals and revenue generation by modernizing the quote-to-cash process, which has become increasingly complicated due to evolving pricing models. Roadrunner's approach, termed PQA (prompt, quote, approve), leverages AI to manage deal negotiations and approvals, addressing a market described as a 'blue ocean' opportunity. AI

Yiren Technology has secured tens of millions of RMB in a new funding round, following a previous successful close. The company has surpassed 100 million RMB in annual revenue from its AI data services, marking it as the first in China's AI data sector to achieve profitability. AI

Xunfei's Doubao LLM is reportedly receiving enhanced capabilities, though specific details remain undisclosed. Separately, Scenovation Technology has secured nearly $100 million in Series C funding, led by Suzhou Industrial Park Investment Group, to advance its automotive and embodied AI chip development. Additionally, a report from Scotiabank predicts a global copper deficit of 350,000 tons by 2027, driven by robust demand and supply-side challenges. AI

SKC, a subsidiary of SK Group, plans to raise 1.17 trillion Korean won (approximately 5.3 billion RMB) through a new stock issuance. A significant portion of these funds, around 589.6 billion won, will be allocated to its subsidiary Absolix to advance its glass substrate business. Absolix is already collaborating with a US semiconductor company on prototypes for next-generation communication semiconductors. AI

Dessn, a design tool startup, has secured $6 million in funding to enhance its production-focused platform. The tool allows designers to work directly within a live codebase in the cloud, abstracting away setup complexities. This approach aims to streamline the handoff between design and development teams, differentiating it from ideation-focused tools. Dessn plans to integrate with collaboration tools like Slack and meeting notetakers to further automate design prototyping. AI

Siemens is reportedly exploring the acquisition of Mer Mec, an Italian manufacturer specializing in railway signaling and communication equipment. Separately, the announcement of a stock price anomaly by Mona Lisa Group clarified that its core business remains architectural ceramics, with no significant revenue or profit generated from semiconductor materials. Additionally, Kuaishou plans to spin off its AI company, Keling AI, and is seeking $2 billion in funding. AI

In April, China's securities market saw 149,900 new margin trading accounts, a 12.44% decrease from the previous month but a 41.54% increase year-over-year. Tencent Music reported its first-quarter financial results, with total revenue reaching 7.9 billion yuan, a 7.3% increase year-over-year, and adjusted net profit at 2.33 billion yuan, up 4.8%. Additionally, Kuaishou is reportedly planning to spin off its AI company, Keling AI, and raise $2 billion. AI

SAP has announced the completion of its acquisition of Reltio, a provider of master data management software. This strategic move aims to enhance SAP's capabilities in transforming disparate data from both SAP and non-SAP systems into AI-ready formats. The acquisition is expected to enable customers to leverage their data more effectively for AI applications, though specific financial terms of the deal were not disclosed. AI

Hongde Co., Ltd. plans to raise up to 560 million yuan through a private placement of A shares. The funds will be invested in intelligent manufacturing for key aluminum alloy components in high-end equipment and to supplement working capital. Separately, Kuaishou plans to spin off its AI subsidiary Keling AI and is seeking $2 billion in funding. AI

Today's Sleep, a sleep health company founded by Wang Teng, has secured a new round of funding from multiple investors including CMC Capital, Cloud Nine Capital, Junli Capital, Hony Capital, and Hillhouse Ventures. This follows a seed round in January, which was backed by entities like Ziyuan Robot and Hillhouse Ventures. The company, established in January 2026, focuses on AI applications in health consulting and software development. AI

Kuaishou Technology is considering a potential spin-off and external financing for its AI subsidiary, Keling AI. The company has announced that its board of directors is evaluating a proposed restructuring of Keling AI's assets and business. This move aims to leverage external financial resources, though no final agreements have been reached, and the plan is still in its early stages. AI

Douyin Group's short drama copyright center is launching initiatives to support real-person short dramas, including a budget exceeding 1.5 billion yuan by 2026. Separately, Kuaishou plans to spin off its AI company, Keling AI, and is seeking $2 billion in funding. The cluster also mentions former US President Trump's anticipation for a trip to China and OPPO's accountability notice regarding a Mother's Day campaign. AI

Chengdu Yuzhilingdong Technology, also known as Walulu, has secured tens of millions of RMB in angel and pre-A funding rounds. The company's core product is an AI-powered plush pet named Walulu, envisioned as the "Pokémon of the AI era." Walulu differentiates itself by prioritizing product design and IP operation over deep AI model development, focusing on user appeal as a toy first and an AI product second. This strategy has led to successful offline sales and expansion into international markets, with plans for further product iterations and IP collaborations. AI

Samsung Electronics' market capitalization has surpassed $1 trillion, making its controlling Lee family the four wealthiest individuals in South Korea. This surge is primarily driven by the immense demand for Samsung's memory chips, particularly high-bandwidth memory (HBM), which are crucial components for AI hardware from companies like Nvidia and AMD. The company's chip division reported record quarterly revenue and profit, with analysts predicting continued strong growth in HBM revenue due to the ongoing AI boom. AI

A new industrial investment fund, Jiangsu Qianyan Ju Xin Industrial Investment Fund, has been established with a capital contribution of 1.2 billion RMB. The fund's general partner is Beijing Qianyan Kechuang Private Equity Fund Management Center, and its business scope includes venture capital, equity investment, and asset management. Several entities, including Gaoyou City Youkai Xing District Industrial Investment Fund, Taizhou Zhihang Asset Management Co., Ltd., and Tianjin Jinshuo Dinghe Jinhui Investment Co., Ltd., are listed as contributors. AI

Wei Li Dong Li, a consumer robotics company, has secured 500 million yuan in Pre-A funding, marking the largest single investment in the embodied intelligence sector. The company is also beginning mass production of its first product, the Vbot super robot dog, with initial deliveries underway. Wei Li Dong Li aims to leverage its expertise in autonomous driving to develop both advanced robot dogs and humanoid robots, focusing on iterative development and building a robust operating system for diverse applications. AI

Alphabet, Google's parent company, is planning its first-ever issuance of Japanese yen bonds to potentially fund its artificial intelligence initiatives. This move comes as Alphabet has increased its capital expenditure forecast for the year to up to $190 billion. The tech giant is also reportedly on track to surpass Nvidia in market capitalization. AI

Starry Pharma has secured nearly $40 million in Series B+ funding, with participation from investors including Hillhouse Ventures, LYFE Capital, and Lilly Asia Ventures. The capital will accelerate clinical development for its in vivo CAR-T therapies and expand its mRNA innovation efforts. Separately, Uncharted Dynamics, a company focused on embodied AI infrastructure, raised a seed round of several million dollars led by Summit Ascent, to fund R&D for its high-precision dynamics solver and North American expansion. AI

Uncharted Dynamics, a company focused on the foundational infrastructure for embodied AI, has secured a seed funding round of several million dollars. The investment was led by Keytone Ventures and will be allocated to the development of high-precision multi-body dynamics solvers and expansion into the North American market. AI

Publicly offered funds are actively submitting applications for technology-themed products, with a focus on sectors like semiconductors, photovoltaics, artificial intelligence, and smart vehicles. This surge indicates a strong preference among fund managers for technology assets. The demand for computing power is high, with significant funding rounds for AI models and increasing token consumption. Simultaneously, domestic chip production is improving, with projections showing a substantial increase in local chip shipments for AI accelerators and a growing demand for CPUs driven by AI agents. AI

SK Hynix and Samsung Electronics saw their stock prices reach new all-time highs, with SK Hynix rising over 8% and Samsung Electronics up more than 5%. This surge coincides with reports that AI chip firm Cerebras Systems is planning to increase its IPO price range to $150-$160 per share, potentially raising $4.8 billion if priced at the upper end of its guidance. AI

Malaysian conglomerate Mah Sing is pivoting towards the AI era by developing data centers and premium residences. The company reported strong financial results in 2025, with real estate sales reaching $633 million and profit at $66 million. Mah Sing is leveraging its land banks in key areas like the Klang Valley and Johor to attract data center operators, capitalizing on Malaysia's economic growth and foreign investment initiatives. AI