Moonshot AI's K3 is supposedly very capable, but we honestly couldn't make heads or tails of the teaser.
Just now, Moonshot AI released its latest-generation K3 model.
When AMD Acquires Taalas, a Chinese Company Decides to Etch AI Models into Silicon
The Start of Autumn — Wanwu Awaits the Harvest | Linear Quarterly
To Video Models: If the Masses Don't Love You, Who Do You Think You Are?
**"🤡meme bench Released"** To better evaluate video models, ZangAI spent half a month on a big project: meme bench.
Yunqi Partners | Physical intelligence startup "FeiJieKeSi" raises hundreds of millions of RMB in Series A1, with Yunqi Capital increasing its stake
Dalton Venture Honored on Diyixinsheng's Q2 2026 China Most Active Investors Rankings, Winning "Top 30 Most Active Early-Stage Investment Institutions" and "Top 10 Most Active Healthcare Investment Institutions" | Dalton Honor
When AMD Acquires Taalas, a Chinese Company Decides to Etch AI Models into Silicon
The era of specialized inference compute has arrived.
The Start of Autumn — Wanwu Awaits the Harvest | Linear Quarterly
Today marks the start of autumn on the lunar calendar. The summer heat gradually fades, and the world shifts from abundance to restraint. After spring's sprouting and summer's growth, Wanwu Capital's persistent cultivation is slowly beginning to echo back. True results come from unceasing accumulation and perseverance. We have always believed that time rewards those who walk with conviction.
To Video Models: If the Masses Don't Love You, Who Do You Think You Are?
**"🤡meme bench Released"** To better evaluate video models, ZangAI spent half a month on a big project: meme bench.
Yunqi Partners | Physical intelligence startup "FeiJieKeSi" raises hundreds of millions of RMB in Series A1, with Yunqi Capital increasing its stake
As AI pushes deeper into robotics, manufacturing, and the physical world, accurately understanding the laws of physics is becoming the critical bridge for models to move from "generating something that looks right" to "operating correctly in reality."
Dalton Venture Honored on Diyixinsheng's Q2 2026 China Most Active Investors Rankings, Winning "Top 30 Most Active Early-Stage Investment Institutions" and "Top 10 Most Active Healthcare Investment Institutions" | Dalton Honor
Recently, Diyixinsheng released its Q2 2026 China Most Active Investment Firms rankings. The list evaluated firms across multiple dimensions including investment activity, fundraising, exits, IPOs, service transactions, post-investment tech support, and market influence. **Dalton Venture was honored with two awards: "Top 30 Most Active Early-Stage Investment Firms" and "Top 10 Most Active Investment Firms in Healthcare."**
BlueRun Ventures' Jui Chan on Data, Value, and Long-Term Judgment: What Will Actually Survive the AI Hype?
**The hotter the market gets, the more important it is to return to real value.**
Autumn's First Whispers, Wanwu's Harvest | Vital Monthly
*Vital Monthly* is Oasis Capital's monthly update column.
14.9 Grams of Obsession and Six "Anti-Consensus" Views
About four months ago, AI Nao first heard of Moonix — right when the company had just launched its new product in Silicon Valley.
Weilan Stellar completes hundreds of millions of RMB in angel+ funding round, racing to build world's first high-temperature superconducting stellarator
In the race for controllable nuclear fusion, a young company is stepping into the spotlight. **BlueStar Fusion, a Hefei-based startup focused on stellarator fusion, has officially announced the completion of its angel+ round, raising several hundred million RMB. The proceeds will primarily fund the construction of the world's first high-temperature superconducting stellarator. Gaorong Ventures, which participated in the company's angel round, significantly increased its investment in this round.**
7 Judgments to Rethink AI Infrastructure
**Cheaper and Cheaper Tokens, Pricier and Pricier Competition**
Heart Capital Congratulates Zhongji Innolight on Official Hong Kong Listing — This Year's Largest Hong Kong IPO
Today, portfolio company Zhongji Innolight (03308.HK), China's leading optical module manufacturer backed by Heart Capital, officially listed on the Hong Kong Stock Exchange, achieving a dual "A+H" platform structure. The IPO was priced at HK$980 per share, raising approximately HK$53.4 billion — making it Hong Kong's largest IPO this year. **Yan Han, Founding Partner of Heart Capital, offered his sincere congratulations to Zhongji Innolight:**
Why Are Half of Today's Large Model Builders Studying Physics?
Over the past six months, I've had serious conversations with more than 200 AI researchers. The people who gave me the most stunning insights? Turns out, most of them never formally studied AI — they studied physics. I had colleagues at 5Y Capital double-check my findings, and this doesn't appear to be sampling bias on my part; it seems to hold true globally. Let's look at three résumés at random. First: Stanford physics undergrad, Princeton biophysics PhD. Second: Harvard theoretical physics PhD, in academia...
Vivix: Starting from a Place Where No One Believed
Founded in early 2025, Vivix is a portfolio company of Monolith. For the past 19 months, the company has remained almost entirely silent. **Beneath the surface, it has completed five funding rounds at a valuation of $1.32 billion.**
What Are Investors Worried About in AI's Hottest Six Months?
If the AI industry starts "popping bubbles," which category of companies would be the first to get repriced?
Hanging Out in the Bathhouse Watching Soccer with Six Brand-New VC Firms
Why do we watch the World Cup together?
100 Answers Chosen by Capital | 2026 "Most Watched" Company List Selection Now Open
Who gets seen, who gets bet on.
!["What Makes You Love an Industry for 15 Years?" | A Conversation with Tianfan Wang: I Want to Invest in True Joy, the Purest Vision, and the Brilliance of Human Nature [Highway Podcast]](/_next/image?url=https%3A%2F%2Fimage.xyzcdn.net%2FFsmE9i8BOUSYw-Y4cgTaDsaAcG3Y.png&w=256&q=75)
"What Makes You Love an Industry for 15 Years?" | A Conversation with Tianfan Wang: I Want to Invest in True Joy, the Purest Vision, and the Brilliance of Human Nature [Highway Podcast]
Vol.18 The Non-Sci-Fi Story of Brain-Computer Interfaces: From Top-Tier Hospitals to Home Bedrooms, How Many Steps to Rebuild Prefrontal Order? | A Conversation with Ximing Wang of Kongshan Ci
Day 500 of the Agent Era: What's Disappearing, What's Being Born, and Why We Should Stop Investing in GUI-Thinking Software
Sp.02 | A Conversation with Master Dong: The Untold Stories Behind 20 Years of Chinese Venture Capital
Vol.004 | Conversation with Richard Guo: Staying Out of the Fray, But Keeping on Winning
Vol.003 | In Conversation with Huang Yungang: From Moving Bricks in Xinjiang to VC — My Folded Life
Sp.01 | Debriefing China's Primary Market in 2025 (Ft. Crossroads)
!["What Makes You Love an Industry for 15 Years?" | A Conversation with Tianfan Wang: I Want to Invest in True Joy, the Purest Vision, and the Brilliance of Human Nature [Highway Podcast]](/_next/image?url=https%3A%2F%2Fimage.xyzcdn.net%2FFsmE9i8BOUSYw-Y4cgTaDsaAcG3Y.png&w=640&q=75)
Vol.18 The Non-Sci-Fi Story of Brain-Computer Interfaces: From Top-Tier Hospitals to Home Bedrooms, How Many Steps to Rebuild Prefrontal Order? | A Conversation with Ximing Wang of Kongshan Ci
Day 500 of the Agent Era: What's Disappearing, What's Being Born, and Why We Should Stop Investing in GUI-Thinking Software
E14. Qin Shentao: Building a New Organ for Humanity | Beipo Project
Vol.001 | A Conversation with Yuan Liu: One Week with Manus, Ten Years with Xiao Hong
Vol.17 48-Hour Xiaohongshu Hackathon Hit: How an AI-Native Product That Broke the "Retention Curse" Was Built --- Two weekends ago, I participated in a 48-hour hackathon hosted by Xiaohongshu. Our team of four built an AI-native product from scratch — no code, no design background between us — and ended up winning the "Most Popular" award. The product? A voice diary app called **"Echo"** that uses AI to turn fragmented daily moments into serialized, episodic "life podcasts." Think *This American Life*, but starring you. What surprised me wasn't that we won. It was that people kept using it *after* the demo. Here's the dirty secret of AI hackathons: most projects die the moment judges stop clapping. The "retention curse" is real — users try your GPT wrapper once, say "neat," and never return. We broke that pattern. Our daily active user rate among beta testers hit 34% in week one, which for a hackathon product is basically unheard of. How? Three deliberate choices we made against hackathon orthodoxy. **First, we refused to build a chatbot.** The default AI product in 2024 is still "talk to a large language model." We explicitly rejected this. Chat interfaces create *performance anxiety* — users feel pressure to ask the "right
Huazhe Xu: Embodied AI Just Starting Its Race, People Who Won't Wait for an IPO | North Slope Project
Faster! Even faster! Fast enough to generate the world in real time | A chat with Shengshu Technology's Jintao Zhang on Vidu S1, inference acceleration, and real-time interactive video
Vol.16 Tsinghua Entrepreneur-Scientist Huazhe Xu: From Intelligent "Hatching" to Home Embodiment, Stubbornly Chasing Originality in the AI Wave
![AI4S Needs Madmen and Visionaries | A Conversation with Odin of Valhalla: "If God Exists, How Can I Tolerate Not Being God?" [Highway Podcast]](/_next/image?url=https%3A%2F%2Fimage.xyzcdn.net%2FFrTNsXNd4tyqXyvcoFli4hntHqJT.png&w=256&q=75)
AI4S Needs Madmen and Visionaries | A Conversation with Odin of Valhalla: "If God Exists, How Can I Tolerate Not Being God?" [Highway Podcast]
Vol.15: The Post-'98 Founder Who Built a $20M Business in Two Years — On Building an AI That Talks Back | A Conversation with Kicker's Founder
Special Edition: The North Face Project
A Conversation with ZhenFund Partner Yuan Liu: One Week with Manus, Ten Years with Red Xiao
E11. Wang Peng: Hunting Life
New Year 2026 Conversation with Koji: The Year of R
![I Found the First Companion Robot I Actually Want to Buy! | A Conversation with Shibo: Founder of Yueban Dynamics [Highway Podcast]](/_next/image?url=https%3A%2F%2Fimage.xyzcdn.net%2FFhUUW9O7B8X9pFRe5_fcSU_y1Xcl.png&w=256&q=75)
I Found the First Companion Robot I Actually Want to Buy! | A Conversation with Shibo: Founder of Yueban Dynamics [Highway Podcast]
