Facebook is the social network originally founded in 2004 that became the flagship platform of Meta, the company formerly known as Facebook Inc. The rebrand to Meta reflected a strategic pivot toward the metaverse and, more recently, an all-in push on artificial intelligence.
In the current AI race, Meta has leveraged its massive user base and hardware footprint—most notably through its Ray-Ban Meta smart glasses line —while struggling to match rivals on frontier model capabilities. As described in mid-2025 reporting, Meta's Llama 4 landed with a "mediocre" reception, and DeepSeek's rise added pressure. Zuckerberg's response has been to spend aggressively: a $14.3 billion deal for Scale AI that installed founder Alexandr Wang to lead a new Superintelligence Labs, plus talent acquisitions of teams from Gizmo, Moltbook, and Manus creator Butterfly Effect. The bet is that hardware distribution plus recruited AI talent can close the gap with OpenAI and Google, though Fusion Fund's Lu Zhang noted in August 2025 that internal management friction and integration "growing pains" meant near-term catch-up looked unlikely.
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Gen Alpha Is Embracing 'Brainrot,' and Douyin Is Already the Previous Generation's Product | 100 'Social Product' Hot Takes from Wapoo Founder Yang Mingyu
"My ambition is to build a product with 330 million daily active users. Why not?"
The Rise of SpaceX: Everything, for Mars | Yunqi Technology
The "Test Flight" of Commercial Space Has Just Begun
14 Fragments, 14 Years of Investment Thinking | Linear View
Some things can't be measured by ROI.
A One-Person AI Short Drama, Six-Figure GMV in 72 Hours
AI Levels the Content Playing Field, YourChannel Rewrites Distribution
A Conversation with Manycore's Huang Xiaohuang: Fifteen Years as a Founder, Still a Youngster at Heart
A story about trust, growth, and mutual success.
5Y News｜GIM Closes Angel Round of Tens of Millions of RMB
GIM Raises Tens of Millions of RMB in Angel Round
2026: A Letter to AI Founders — on Generosity, Cruelty, and Fog
Is AI entrepreneurship entering its "worst" era?
A New Species Is Born: Let's Talk About Bringing "Lobster" Into Daily Life | Vital Young
When OpenClaw Crawls Out of the Screen
A long essay Xing Wang recommended back in 2012 — perfect timing to read it now
What actually transcends time?
Harry Wang: God Only Opened Two Doors to AI's Future — One in America, One in China | Linear View
The adaptable survive; the evolved lead.
Huai Wang: There Are Only Two Doors Leading to the AI Future, One Is in the US and the Other Is in China | End of 2025
Adapt to survive; evolve to lead.
Challenging WeChat Is a Death Wish? The Ambitions of a 25-Year-Old AI Founder | In Conversation with Chunyu Chen: Founder/CEO of Intent
After dropping out of Tsinghua University, he experienced seven failures.
Exclusive | Airwallex Raises Another $330 Million, Hits $8 Billion Valuation Today
The Saved and the Saved.
Google and ByteDance are battling like gods, so why is a tool called Reve quietly going viral?
AI image generation finally hits "point and shoot" accuracy!
The Singularity for Fully Driverless Trucking Is Nearing: Bot Auto Completes Real-World Road Test | Linear Portfolio
Will complete intercity unmanned commercial freight operations in the coming months.
A 5,000-Word Postmortem: How an $1.1 Billion Acquisition Reveals OpenAI's Second Act
OpenAI's Three Turning Points
Linear Yang Jun: Young People All Want to Retire Early — I Tried It, and It's Not as Great as You'd Think | Linear View
The hardest thing in life is figuring out what you want.
**13.4k GitHub Stars: Building an AI Social Network That Connects "Me" to the World | Linear Voice**
Let expression and connection break free from the constraints of time, place, and state.
The AI World Too Anxious? Hear What This 71-Year-Old "Old Boy" Has to Say
Let's become the kind of people who can "whistle while they work"!
Linear Capital Announces Jun Yang Joins Full-Time as Partner | Linear News
Drive Linear Capital to become a more competitive frontier-tech fund. Drive Linear Capital to become a more competitive frontier-tech fund.
"The Internet Queen" on the AI Era: Decoding Mary Meeker's *AI Trends Report* | Yunqi Capital Techπ
The AI wave is accelerating, bringing both opportunities and risks.
MaHui Member Whale Announces Completion of C1 and C2 Funding Rounds
The Next Stop for Chinese Brands: From Hard Power to Global Narrative
How Can Brands Deliver Emotional Value to Users?
Revisiting YC Co-Founder Paul Graham's Essay: How to Get Startup Ideas | Bolt Recommended Reading
Start by solving your own real problems.
The 21 Months That Shattered a Star Founder | WAVES
Good Game.
Bolt Picks | Three Reflections on "Founder Mode"
We all love a gripping hero's journey, but that's not the whole story.
Silicon Valley Observations: Startups, Investment, and Tech Giants — What Changes and What Doesn't in the Generative AI Wave | Yunqi Capital Tech Notes
Where the tide rose, is AI still hot?
MaHui Book Giveaway | We Should Worry About How AI Is Used, Not AI Itself
Exclusive | Actually, DST Bought Xiaohongshu Secondary Shares
Mega funds still making deals.
Starting Up in Egypt: The Joys and Sorrows of the Middle East's "Shadow World"
This company actually managed to make money in Egypt.
How Should Founders Change as Their Companies Grow and Evolve? | 5Y View
The Secret to Corporate Growth
5Y Capital Yuan Ye: Some Observations on AI | 5Y View
The best way to predict the future is to create it.
Zhilin Yang: Internet R&D Is "Planting Trees," Large Model R&D Is "Contracting a Forest" | BlueRun Ventures Headline
Climbing the stairs, not just looking at the view.
Li Xiang × Li Feng: In Waves of Technological Change, Why Is Gaming Usually the First to Make Money? | Li Feng Column
From a Brief History of Gaming to New Online Game Regulations: Finding Innovation Opportunities in the Industry
Code Brain | The App Store Changed Everything Fifteen Years Ago. It's Time for a Reset.
This is the only way for the App Store to sustain its next 15 years of prosperity.
Code Brain | Google Experience: Fix the Team First, Then Fix the Problem
Skillfully assembling diverse talent into effective teams
Charlie Munger's Only Podcast Appearance
Counselor on Vitality / Counselor for Life Force (Note: This appears to be a title or role name without additional context. If this refers to a specific position or program, more context would help determine the precise translation.)
Linear Capital announced that Yang Jun, a veteran tech entrepreneur and former CTO of Dada, will join as a Venture Partner.
We're excited to share some news about a new addition to Linear Capital: Yang Jun, former co-founder and CTO of Dada, has joined as a Venture Partner effective recently. Yang will help Linear Capital source startups, evaluate investment opportunities, and support portfolio company growth.
Oasis Capital Dialogue with Professor Wu Yu: Pushing Every Millimeter
Embrace Change
Meta Launches Killer App Threads — Is Twitter Really About to Be Replaced? | BlueRun Ventures Commentary
Mark Zuckerberg Takes On Elon Musk
Three Months, 300 Plugins: What Kind of Ecosystem Is ChatGPT Building? | Yunqi Tech Talks
Before finding the next explosive growth point, you first need to ensure information security, balanced performance, and system stability.
Coatue's 2023 in Detail: Half Sea Water, Half Flame
Could AI become the lifeline of the economy over the next decade?
Dada CTO Jun Yang: Reflections on Critical Questions in Entrepreneurship | Linear Academy
In May, Linear Capital's entrepreneurship learning and sharing platform, Linear Academy, invited Yang Jun, co-founder and CTO of Dada Group, to share his thinking on key questions in entrepreneurship with founders from Linear's portfolio companies. Yang discussed his experiences and ideas on development strategies for startups at different stages, organizational management, founder growth, and how technical teams can work with commercial teams. We've compiled some of the highlights to share with you.
PPIO's Wenyu Wang: A Deep Dive into Apple's First MR Headset and What It Means for Metaverse Tech Strategy | BlueRun Ventures
Humanity has taken a giant leap in this grand "metaverse moonshot."
Oasis Capital in Conversation with Professor Wu Yi: The Golden Age Brought by the Bubble
Open Source Drives Progress
From Big Tech to VC: Nine Deals in Year One, with First Investment in Aikenong丨Core Investors
Self-taught calculus in middle school, holds a bachelor's degree in engineering from Tongji University and a master's degree in science from Columbia University, champion of the IBM Intelligent Business Analytics Competition, and previously worked at Tencent Cloud and Smart Industries Group.
A Debate: Two Investors With Different Perspectives on GPT | FreeS Research Institute
AlphaFold 2 vs. ChatGPT: Which Will Drive Greater Change?
Tech Investor | Linear Capital's Harry Wang: Understanding Technology Matters More Than Technology Itself
Recently, Harry Wang, founding partner and CEO of Linear Capital, sat down with *Pengpai Tech* to share the fund's perspective on the hot topic of ChatGPT, lessons learned from investing in AI commercialization projects, and how his investment philosophy has evolved over Linear Capital's eight-year history. As the article notes, Linear Capital has always emphasized that "technology is the primary productive force." We pursue and believe in technological innovation, while also maintaining deep respect for the humanities, our customers, business fundamentals, and capital markets.
Code Brain | The Hidden AI Talent Arms Race Behind Deep Learning's Decade-Long Rise
A team of professionals with unwavering conviction will ultimately become hotly contested talent that companies fight over.
Allen Luo and Zheng Gang: Let the Law Be the Law, and Let Emotions Be Emotions
A story about a VC-founder relationship hitting rock bottom.
Put some people in the metaverse, send others to space
One is an inward journey of self-discovery; the other, an outward quest for what lies beyond.
ChatGPT is the talk of Silicon Valley, but the buzz is theirs.
"Some people laughed. Some people cried. The vast majority fell silent."
Code Moment | VR content studio "Bifurcation Point Network" announces two consecutive funding rounds totaling tens of millions of RMB, with Source Code Capital as the sole seed-round investor
Deep cultivation of virtual reality communities --- Or if this is a heading/phrase describing a strategy: **Deep-Rooted in VR Communities** Or more naturally in a sentence context: "deeply embedded in virtual reality communities" / "taking root in VR communities" --- Without additional context, the most natural English rendering would depend on usage: - As a company positioning: **"Deeply rooted in VR communities"** - As a strategy description: *"doubling down on virtual reality communities"*
Harry Wang on Linear Capital: Lessons from Transitioning from Tech to Investing
A while back, Harry Wang, founder and CEO of Linear Capital, was invited to an online sharing event co-hosted by the Harvard Venture Capital Club and MIT Chinese Entrepreneurs Organization (MIT CEO). At the event, Harry shared his journey from engineer to investor,
Linear Capital Perspectives | AI Enters Industry: Is the Current Moment a Window of Opportunity or a Bubble, and Which Investment Areas Does Linear Capital Favor?
In late June, Harry Wang, founder and CEO of Linear Capital, was invited to speak at the Amazon Web Services (AWS) Innovation Conference, where he joined Dr. Zhang Xia, chief enterprise strategy advisor at AWS, for a conversation on recent AI investment insights. Wang shared Linear Capital's analysis of AI's integration into industries, the firm's investment focus areas, the technical bottlenecks that need to be overcome in the next phase, and related recommendations. Below is a summary of the conversation, with both video and transcript.
Linear News | AI Frontier Tech Startup Mindverse Raises Angel Round in the Tens of Millions, Led by HSG with Co-Investment from Linear Capital and K2VC
The MindOS framework endows AI with associative mechanisms, enabling enterprises to deploy customized virtual minds.
MaHui Founder | Shunhao Fan of Hongyu Technology: What Kind of Operating System Does the XR Era Need?
Code Brain | 40 High-Value Interview Questions From the Sharpest Tech Executives on the Planet
MaHui Entrepreneur | From One Universe to Another
Build metaverse worlds with ease.
IrisView, a next-gen OS R&D platform, closes two consecutive rounds totaling nearly RMB 100 million, with Source Code Capital leading the A+ round
Focused on building a next-generation operating system for next-gen devices like AR/VR headsets.
Source Code Capital portfolio company Whale announced the completion of a $50 million Series B funding round. Source Code Capital led the company's Series A round.
Accelerating the digital transformation of future-facing consumer brands across omnichannel marketing.
Metaverse Development Hypothesis: Rising from Social, Ending in Digital Immortality | FreeS Research
What Is the Metaverse? Where Did It Come From? Where Is It Going?
3Sigma Bootcamp Application Countdown | Seeking Frontier Tech Founders Ready to Break the Paradigm
The essence of innovation is stepping outside the boundaries of established paradigms — even when that means a kind of madness others won't understand.
Good Questions Matter More Than Perfect Answers | 5Y View
What Will the World Look Like in the Next 5,000 Days?
Is the Internet Destined to Have a Next New Platform? | FreeS Research
Will the new decade that began in 2021 be a better one for entrepreneurship?
5Y View｜The Future of Community Is Collaboration — Reflections on Community, Social Networks, and the All-Real Internet
A submission from the CEO of a 5Y Capital portfolio company.
Yi Cao, Source Code Capital: "Four-Have Youth" — What Good Companies Look Like in the Second Half
A good company needs principles, systems, tactics, and tools.
Qiyuan World Wins 2018 NeurIPS Multi-Agent Competition Learning Track Championship, Highlighting the Value of Its Decision Intelligence Platform | Gaorong Ventures News
Decision intelligence platforms' capacity to support multi-agent continuous learning
Hongjiang Zhang: AI's Long-Term Development Requires Someone to Sit on the Cold Bench
We hope AI fundamental research can look further into the future.
Talk to Future Founders: You Can Practice Deliberately Like This
Curious enough to ask, diligent enough to find the answer.
Meituan IPO on Hong Kong Exchanges and Clearing Limited; 4 Companies Complete Funding Rounds; 8 Companies Win 12 Awards | Source Code Capital Monthly · September
**Source Code Capital Chronicles** — recording our teammates' step-by-step progress, sharing the joy of growth, and looking toward an even brighter future.
Export E-commerce: How to Seize New Opportunities in the Trillion-Yuan Blue Ocean Market | Source Code Capital Insights
Cross-border e-commerce is the new blue ocean in a trillion-dollar market.
Saifeng Technology Raises Tens of Millions of RMB, FreeS Fund Continues to Follow On | FreeS Fund Deal News
Embrace the Asset Management 2.0 Era
Hongjiang Zhang in Conversation with Zexiang Li: How to Break Through in Tech Entrepreneurship | Code Meet 2018
A better model for tech startups is to go from scenario to technology.
The Pitfalls of Tech Prophecy | Source Code Capital Insights
From a once-famous victory to once-heavy skepticism, mapped against Gartner's Hype Cycle — Source Code Capital's analysis and research are presented in the seventh issue of [*Source Code Capital Internal Reference*].
Yi Cao: The Nine Faces of Technological Innovation
At the "2017 Impact Investing Summit" hosted by China Renaissance Alpha, Yi Cao, founding partner of Source Code Capital, shared his exclusive insights.
Mobile Going Global: Entrepreneurs Should Zero In on the Big Opportunity in Content Products | Source Code Capital Insights
"Mobile going global" has evolved over nearly a decade into a new phase of content going global. How can entrepreneurs catch the next big thing?
I Saw the Future Before the Product Iteration, and I Couldn't Pretend I Hadn't | FreeS Fund Business School
Spend 80% of your time doubling down on what works, and 20% testing new channels.
How to Build a $40 Million Annual Profit Product — My Experience at Microsoft, Amazon, and Baihuihui | FreeS Business School
A startup's product development model can make or break the company.
A Strong Personal Brand Beats a Million Paid Articles: How Startup CEOs Can Build Their Brand | FreeS Business School
Fortune favors the bold.
