Some AI startups are boosting their valuations by raising capital in back-to-back or multitiered deals, raising questions about how much they are really worth — The race to get into hot AI startups has led to unequal deals for investors, raising questions about how much companies are really worth
Anthropic says DeepSeek, MiniMax, and Moonshot violated its ToS by prompting Claude a combined 16M+ times and using distillation to train their own products — The allegations mirror those of OpenAI, which told House lawmakers that DeepSeek used ‘distillation’ to improve models
Tencent closed its TiMi Montréal studio after nearly five years, without ever releasing a game, as Chinese giants scale back funding for Western game studios — The game industry's contraction is unrelenting. — ∙ Paid — Tencent has shut down its TiMi Montreal studio without …
Documents submitted by Waymo and Tesla to the US government reveal new info about the remote assistance programs for their robotaxis, staffed by human operators — Self-driving vehicle companies are revealing new details about their safety-critical “remote assistance” programs—but questions remain.
The EU's DSA probe into Shein is just the latest of the company's problems, which are stacking up in many of its big markets as it seeks to push through an IPO — Regulatory probes and the ending of customs loopholes pose big challenges, but its business model is highly resilient
A profile of Neil Shen of HSG, formerly Sequoia China, which raised $9B from US investors before US restrictions and has funded Manus and other Chinese startups — Neil Shen has long bridged both countries, from working at Sequoia after Yale to his own firm
Sam Altman says there is some “AI washing”, where companies blame AI for layoffs that they would otherwise do, alongside “real displacement by AI” of some jobs — Hold up, let him cook. — Sam Altman is starting to get the sneaking suspicion that companies might …