Robert Way/iStock Editorial via Getty Images Chinese AI startup DeepSeek is set to raise about 50B yuan (close to $7.39B) in its first external funding round, according to a Reuters report that cites people familiar with the matter. The deal could value the company at 350B yuan to 400B yuan (around $52B to $59B) post-money. Founder Liang Wenfeng has committed 20B yuan to the round, the sources add...
Robert Way/iStock Editorial via Getty Images Chinese AI startup DeepSeek is set to raise about 50B yuan (close to $7.39B) in its first external funding round, according to a Reuters report that cites people familiar with the matter. The deal could value the company at 350B yuan to 400B yuan (around $52B to $59B) post-money. Founder Liang Wenfeng has committed 20B yuan to the round, the sources added . Tencent ( TCEHY ) is considering investing 10B yuan, while battery maker CATL ( CATL ) is looking to contribute 5B yuan, which would make them the largest external investors in the fundraising. DeepSeek ( DEEPSEEK ) is also in final-stage discussions with China's national AI fund, gaming company NetEase ( NTES ), and e-commerce giant JD.com ( JD ). However, the total number of investors in the funding round is expected to remain below 10. Hong Kong-based IDG Capital and Monolith Capital are also among the prospective investors, the people added. The fundraising is expected to be completed within the next couple of weeks, although the terms and financials are subject to change, people with knowledge said. The company has not announced any plans to go public. DeepSeek ( DEEPSEEK ) emerged as China's leading AI company early last year after its V3 and R1 models gained global attention, including Silicon Valley. The move underscores China's push for AI self-sufficiency, building domestic capabilities across models, chips, and infrastructure to reduce reliance on foreign tech. More on Hangzhou DeepSeek Artificial Intelligence Co., Ltd. Chatbot wars: OpenAI growth slows but still leads rivals in total usage, says Sensor Tower China limits overseas travel for top AI talent at Alibaba, DeepSeek: report Financial information for Hangzhou DeepSeek Artificial Intelligence Co., Ltd.
(RTTNews) - Microsoft Corporation (MSFT) introduced Majorana 2, a next-generation topological quantum chip developed with support from its agentic AI system, Microsoft Discovery.
(RTTNews) - Microsoft Corporation (MSFT) introduced Majorana 2, a next-generation topological quantum chip developed with support from its agentic AI system, Microsoft Discovery.
Anatoly Morozov/iStock via Getty Images Investment Thesis I am rating Applied Optoelectronics ( AAOI ) a Buy rating. The major reason is the fact that I believe the stock is not just moving only on AI excitement, but it is moving because the company is converting that AI excitement into revenue guidance, hyperscaler orders, manufacturing capacity and a path toward profitability. The reason I say t...
Anatoly Morozov/iStock via Getty Images Investment Thesis I am rating Applied Optoelectronics ( AAOI ) a Buy rating. The major reason is the fact that I believe the stock is not just moving only on AI excitement, but it is moving because the company is converting that AI excitement into revenue guidance, hyperscaler orders, manufacturing capacity and a path toward profitability. The reason I say this is because, in Q1 2026 , AAOI delivered revenue of $151.1 million. This was a 51% increase year over year (y/y). Data center revenue also increased to $81.4 million, a 154% y/y increase. Management also raised 2026 revenue guidance to more than $1.1 billion and non-GAAP operating income guidance to more than $140 million, which is why I am comfortable rating the stock a Buy. One of the major reasons why I am bullish on AAOI is because I think that demand is not the limiting factor. Capacity is. This is because management was clear that the 2026 revenue outlook is limited by production capacity and supply chain availability, and not by market demand. That is a very different problem from weak demand. In my view, I would rather own a company that is struggling to manufacture enough product than one that is struggling to find buyers. Another reason why I am bullish on AAOI is the AI data center angle, which is also supported by industry structure. According to McKinsey , they argue that networking optics are mission-critical for AI and data center buildouts because AI training and inference require massive data movement. And hyperscalers need access to 800G, 1.6T, and higher-speed optical transceivers. This fits perfectly with AAOI’s product cycle. AAOI completed its first volume shipment of 800G single-mode transceivers in Q1. It also received its first volume order for 1.6T transceivers and also received two new 800G volume orders from a major hyperscale customer. That is why the recent move makes sense to me. I say this because I think the stock started rising because i...
Britain's competition regulator said on Wednesday it has imposed new conduct requirements on Google's search services, including allowing publishers to opt out of training the U.S. tech giant's AI models, as the watchdog ramps up its oversight. The Competition and Markets Authority has flagged concerns about Google's dominance in search services. Google accounts for more than 90% of UK queries,...
Britain's competition regulator said on Wednesday it has imposed new conduct requirements on Google's search services, including allowing publishers to opt out of training the U.S. tech giant's AI models, as the watchdog ramps up its oversight. The Competition and Markets Authority has flagged concerns about Google's dominance in search services. Google accounts for more than 90% of UK queries, and the regulator had been consulting on the matter to ensure effective competition.
Britain has imposed new conduct requirements on Google's search services, including allowing publishers to stop their content being used to power the U.S. tech giant's AI features, as the watchdog ramps up its oversight. The country's Competition and Markets Authority has flagged concerns about Google's dominance in search, designating the company with the "strategic market status" that allows ...
Britain has imposed new conduct requirements on Google's search services, including allowing publishers to stop their content being used to power the U.S. tech giant's AI features, as the watchdog ramps up its oversight. The country's Competition and Markets Authority has flagged concerns about Google's dominance in search, designating the company with the "strategic market status" that allows it to set targeted rules to increase trust and transparency. Google accounts for more than 90% of UK queries and the regulator said in January it wanted to give publishers more control over how their content was used.
Disgraced former congressman said to have put bet on whether he would be at Trump’s State of the Union speech Federal authorities are investigating whether George Santos , the disgraced former Republican congressman from New York, engaged in insider trading by betting on a prediction market on his own attendance to the State of the Union address, multiple news outlets reported on Tuesday. Santos a...
Disgraced former congressman said to have put bet on whether he would be at Trump’s State of the Union speech Federal authorities are investigating whether George Santos , the disgraced former Republican congressman from New York, engaged in insider trading by betting on a prediction market on his own attendance to the State of the Union address, multiple news outlets reported on Tuesday. Santos allegedly placed a bet on Kalshi, a popular online prediction market, over whether he would be in attendance at Trump’s State of the Union address in February, according to NPR, which first reported on the investigation citing anonymous sources. Continue reading...
(RTTNews) - State Street Corp. (STT) announced the signing of a Memorandum of Understanding with Jadwa Investment, an investment management and advisory firm in the Middle East. The agreement sets the stage for a strategic collaboration in the Sultanate of Oman, where the two fir
(RTTNews) - State Street Corp. (STT) announced the signing of a Memorandum of Understanding with Jadwa Investment, an investment management and advisory firm in the Middle East. The agreement sets the stage for a strategic collaboration in the Sultanate of Oman, where the two fir