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Liang Wenfeng, billionaire founder and CEO of DeepSeek, is planning to write the biggest check for the startup’s first-ever funding round, which the company now hopes will raise up to 50 billion yuan ($7.35 billion), according to two people with direct knowledge of the talks. That would make it the biggest funding round by a Chinese AI company ever.
Meanwhile, the funding round has prompted the Chinese AI lab to expedite its plans to generate revenue and become commercially viable. DeepSeek has also recent
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The Information
An East Bay apartment complex has been bought at a price that's well below its prior value. Read more ›
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A PG&E Corp. unit has bought a San Jose building in a move to bolster the utility's South Bay operations. Read more ›
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It’s Tuesday, July 7, 2026, and today’s funding news reinforces a major shift: capital is flowing into real-world infrastructure and domain-specialized AI, not just headline-grabbing consumer apps. In energy and climate tech, record deals are targeting breakthroughs – Germany’s Proxima ... Read more ›
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With Muse Image live and Muse Video in preview, Meta has officially stopped outsourcing its creative AI to Midjourney and Black Forest Labs. Read more ›
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Popular flight tracking app Flighty has a new Connection Assistant that helps travelers make connecting flights at airports worldwide. Connection Assistant gives flyers a step-by-step guide for all connections on a trip. It will outline whether users need to go through passport control, recheck a bag, go through security, or change terminals, and it gives an estimate of how long the process will take. Adding a passport to the app... Read more ›
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Samsung’s leaked Galaxy A18 looks identical to last year's model, but it could ditch Exynos for a Snapdragon chip. Read more ›
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Microsoft will turn on Windows settings backup and restore by default for eligible Windows 11 business devices outside the EU, starting with Windows 11 26H2. The Register reports: Now dubbed "Windows settings backup and restore," the service backs up a device's settings and a list of installed Microsoft Store apps, which can then be restored to a new device. Microsoft gave a use case for the technology: "Imagine a lost... Read more ›
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Armed conflict in the 21st century is looking considerably different from the wars of yesteryear, thanks to huge technological advancements Read more ›
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Suffer from allergies and the heat? The Dyson Find+Follow is a fan that's well worth checking out this week. Read more ›
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As part of Meta’s Muse Image model rollout, Instagram users with public accounts need to opt out to block AI generations of their content. Read more ›
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Even though Netflix is the world's most popular paid streaming service, the company has been struggling to keep viewers watching its series after their first seasons. Beef - the streamer's anthology about people locked in feuds - lost 70 percent of its viewership when it returned earlier this year. There seems to be some confusion […] Read more ›
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It’s been over a year since the Nintendo Switch 2 has been available and Nintendo is making a big change to its most popular console. Starting this autumn, new Switch 2 units sold across all 27 European Union member states as well as Norway, Switzerland, the UK, Saudi Arabia, Oman, the United Arab Emirates and South Africa will feature user-replaceable batteries. Nintendo Switch 2 updated battery specifications Nintendo detailed the... Read more ›
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If System files are using hundreds of gigabytes on your Windows 11 PC, a bug tied to CapabilityAccessManager.db-wal may be responsible. Read more ›
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Of all the electronics out there, just two companies (along with a smaller third) make most of the RAM that goes into them, and they're getting sued...again. Read more ›
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Starting on August 3rd, Netflix's streaming library will include video content from dozens of digital media brands including BuzzFeed, Condé Nast, Hearst Magazines, People Inc, and Tastemade. As reported earlier by TechCrunch, the deal includes a mix of licensed past videos and new ongoing series that would have typically been published on YouTube or other […] Read more ›
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Billionaires and tech leaders, including David Zaslav and Bob Iger, meet in Sun Valley for the annual Allen & Co conference. Read more ›
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Total graphics power figures for Nvidia's unanounced, unreleased RTX 50 Super-series graphics cards have appeared in Seasonic's PSU capacity calculator, revealing potentially higher TGPs of those products. Read more ›
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Joshua Achiam spent nearly nine years at OpenAI researching AI safety and made a memorable appearance in the Musk v. Altman trial. Read more ›
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The Information
Soaring demand for a limited supply of memory chips and other components has quickly pushed up prices for the Nvidia AI servers those chips go into, particularly over the last few months. That’s made it more difficult for cloud providers that buy the servers to create budgets and predict future costs, and has prompted many of them to raise prices for their AI developer customers, according to conversations with server... Read more ›
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Call it a hot chip summer. Investors are flocking to startups making semiconductors and components to run AI more efficiently, minting high valuations for businesses looking to compete with Nvidia and other stalwarts. Etched, a four-year-old startup run by young Harvard dropouts trying to develop a specialized AI chip, announced a $800 million funding round Tuesday. Last week, our colleagues reported that chip startups SambaNova and xLight are both raising... Read more ›
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The White House is poised to lift export restrictions on Anthropic’s Fable 5, according to a U.S. official. The move could occur as early as Tuesday evening, Politico reported. On June 12, the federal government forced Anthropic to withdraw two models—Mythos 5 and Fable 5, a version of Mythos ... Read more ›
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A year after the passage of the Genius Act legalized stablecoins, a bunch of big financial players have teamed up to launch a new, impressive-sounding stablecoin. Stripe, Visa, Mastercard, Coinbase, BlackRock and BNY are forming a consortium with over 140 firms to launch Open USD, which will debut later this year. This is a big deal. Open USD aims to challenge the dominance of Circle and Tether in the $300... Read more ›
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Chinese food delivery giant Meituan unveiled its new open-source large language model that it says has been trained entirely on Chinese chips. Meituan, which developed its first LLM last year, said its new model, LongCat-2.0, which has 1.6 trillion parameters, is the first model of this ... Read more ›
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The company behind Lime electric scooters said late Tuesday it had priced its initial public offering at $25 a share, selling $174 million in new and existing shares. The IPO of the nine-year-old company is the latest venture-backed offering to test investor appetite after the massive listing ... Read more ›
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Verkada, which makes security cameras and accompanying software, said Wednesday that Nvidia is investing an unspecified amount of capital in the 10-year-old company at a $5.8 billion valuation. It’s the same valuation as Verkada’s December financing led by Alphabet’s growth investment arm, ... Read more ›
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Anthropic is backtracking a spyware rolled out covertly to track users’ location and whether they are based in China or affiliated with Chinese AI labs, after the move sparked controversies on social media. A Reddit post earlier this week said Claude Code covertly tracks and transmits ... Read more ›
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Expectations are growing that Elon Musk will propose a merger of SpaceX and Tesla. But a close look at Tesla’s org chart, including the $55 billion Terafab semiconductor manufacturing project, a Tesla and SpaceX collaboration, shows that the two companies are already operating as one entity in key ways. Several people, aside from Musk himself, have senior responsibilities at both companies, including Charlie Kuehmann, who has held leadership roles in... Read more ›
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Microsoft is planning to lay off thousands of employees across the company in the coming week, including in sales and engineering units, according to someone briefed on the plans. The layoffs will also include job cuts across Microsoft’s Xbox gaming organization that have been previously ... Read more ›
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07.07.2026 18:34
Last update: 18:25 EDT.
News rating updated: 01:20.
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