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DeepSeek halts second fundraising after leak of founder\'s private remarks

China AI company DeepSeek has temporarily halted its second fundraising round after private remarks by founder Liang Wenfeng spread outside the company. The firm told some investors it would not proceed with contract signings for the time being, a blockchain outlet reported. DeepSeek had moved to a follow-on round only weeks after completing a first raise in June, seeking at least 10 billion yuan and valuing the company at at least 480 billion yuan.

AI & Enterprise

Why the U.S. is wary of Moonshot AI\'s Kimi K3

China startup Moonshot AI’s large language model Kimi K3 is being assessed as having narrowed the gap with top U.S. AI models to weeks, raising caution in Silicon Valley. Analysts and researchers cited faster catch-up, competitive costs and results that rank near leading U.S. systems. U.S. figures voiced concern and renewed debate over restrictions. Users praised performance but criticised response speed. Moonshot AI temporarily halted new subscriptions due to strained computing resources.

AI & Enterprise

Alibaba teases Qwen3.8, says it ranks second only to Anthropic\'s Claude Fable5

Alibaba has teased its Qwen3.8 model, calling it the most powerful in its Qwen line and claiming it ranks second only to Anthropic’s Claude Fable5. It previewed Qwen3.8-Max-Preview at the World Artificial Intelligence Conference in Shanghai, describing a multimodal model with 2.4 trillion parameters. Alibaba released no benchmark scores, model card or activation-parameter details, and the model has not been independently verified. The preview is available via subscription and developer platforms at discounted trial pricing.