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AI & Enterprise

DeepSeek nears fundraising at 500 billion yuan valuation, prepares for 2027 IPO

Chinese artificial intelligence startup DeepSeek is in the final stage of raising new funding based on a valuation of about 500 billion yuan. The company is seeking around 50 billion yuan, with the round expected to close by late August, the South China Morning Post reported. The fundraising aligns with listing preparations, with sources saying it may file by year-end and target a 2027 debut. DeepSeek has raised API prices amid intensifying competition.

Mobility

Waymo to launch first European robotaxi service in Munich in 2027

Waymo is pushing to launch a robotaxi service in Munich, aiming for a commercial ride-hailing rollout by late 2027. The company plans to map roads with human-driven cars, then conduct autonomous tests with safety operators before moving to driverless trials. Waymo said it is working with Germany’s Federal Motor Transport Authority and local authorities to secure permits and approvals. The move would be Waymo’s first entry into the EU.

Crypto

Trump family-backed World Liberty linked to Hong Kong AI platform offering sanctioned Chinese models, supports USD1 payments

World Liberty Financial, a crypto firm backed by U.S. President Donald Trump, has been linked to a Hong Kong AI platform that offers models from Chinese developers the U.S. government flags as security risks, stirring controversy. The platform supports payments in USD1, a dollar-pegged stablecoin issued by World Liberty. Critics say wider USD1 use could boost the firm and benefit the Trump family, while others cite security and data risks.