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AI & Enterprise

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

Upstage unveils \'Solar Open 2\' touting agent performance

Upstage unveiled its open-weight large language model \'Solar Open 2\' optimised for agent task execution and released the model weights on Hugging Face. Developed through a government sovereign AI foundation model project, it uses a mixture-of-experts design with 250 billion parameters and activates 15 billion in use. Upstage said it outperformed rival models on multiple benchmarks and plans broader deployments and AX services across industries.

AI & Enterprise

Upstage to provide Daum AI Summary based on Solar and Renegade

Upstage will provide the Daum portal’s AI Summary service, operated by its subsidiary AXZ, using its Solar large language model and FuriosaAI’s Renegade neural processing unit. At a meeting, executives from the three companies called it the first case linking AI infrastructure, models and services with domestic technology. AXZ said AI Summary handles 20 percent of total queries and plans to expand into vertical services. FuriosaAI said the NPU cuts inference costs by more than 50 percent.