The world’s largest EV battery maker is raising $5 billion in Hong Kong
The world’s largest EV battery maker is raising $5 billion in Hong Kong

The world’s largest EV battery maker priced its Hong Kong listing at HK$263 in May 2025. Its shares touched HK$701 before the placement was announced. The deal builds on a week of shareholder activity: a Sinopec unit sold $770M of CATL stock at HK$708 …

Sereact raises $110 million Series B to build robots that simulate the consequences of their actions before they act
Sereact raises $110 million Series B to build robots that simulate the consequences of their actions before they act

The round is led by Headline, with new investors Bullhound Capital, Felix Capital, and Daphni. Valuation is undisclosed. Sereact’s vision language action models already run in BMW, Daimler Truck, and logistics customers. The $110M is more than four tim…

China orders Meta to unwind its $2 billion acquisition of Manus
China orders Meta to unwind its $2 billion acquisition of Manus

The NDRC’s Office of the Working Mechanism for Foreign Investment Security Review issued a formal cancellation order on Monday, four months after the deal was announced. Manus co-founders Xiao Hong and Ji Yichao have been barred from leaving China sinc…

India’s Acko hires Kotak, ICICI Securities, and Morgan Stanley for a $350 million IPO targeting a $2.5 billion valuation
India’s Acko hires Kotak, ICICI Securities, and Morgan Stanley for a $350 million IPO targeting a $2.5 billion valuation

The digital insurer, backed by General Atlantic, Canada Pension Plan Investment Board, and Accel, plans to file its DRHP confidentially with SEBI in H2 2026. In FY25 it grew revenue 35% to Rs 2,837 crore and cut net losses by 37%. It has raised over $5…

Copenhagen’s Atech raises pre-seed from Sequoia, a16z, and Lovable to build ‘vibe-engineering’ for hardware
Copenhagen’s Atech raises pre-seed from Sequoia, a16z, and Lovable to build ‘vibe-engineering’ for hardware

The round amount is undisclosed. Backers include Nordic Makers, Emblem, the Lovable company itself, the Sequoia Scout Fund, and the Andreessen Horowitz Scout Fund. Lovable CEO Anton Osika personally endorsed the team. Atech lets users describe a hardwa…

DeepSeek cuts V4-Pro prices by 75% and slashes cache costs across its entire API to a tenth
DeepSeek cuts V4-Pro prices by 75% and slashes cache costs across its entire API to a tenth

The promotional discount runs until 5 May 2026. Even at full price, V4-Pro already undercuts GPT-5.5, Claude Opus 4.7, and Gemini 3.1 Pro on per-token costs. The move is a direct challenge to the pricing strategy of US AI providers at a moment when the…

Sequoia is giving away the hardware for an AI project it cannot invest in. That is the point.
Sequoia is giving away the hardware for an AI project it cannot invest in. That is the point.

Sequoia Capital co-steward Alfred Lin personally purchased 200 Mac Minis, had each one custom-engraved with a design mixing old cartography and machine learning contour plots, and distributed them to attendees at Sequoia’s “AI at the Frontier” event. E…

A startup with a bankrupt fintech CEO and a president’s son wants to build America’s robot army
A startup with a bankrupt fintech CEO and a president’s son wants to build America’s robot army

Foundation Future Industries, a San Francisco startup founded in April 2024, has secured $24 million in research contracts with the US Army, Navy, and Air Force to test humanoid robots designed to breach enemy positions. The company’s Phantom MK-1 is a…

Brockman’s diary called it a lie. Now a jury will hear it.
Brockman’s diary called it a lie. Now a jury will hear it.

Jury selection begins Monday in Oakland federal court for the trial that will determine whether OpenAI’s conversion from a nonprofit to one of the most valuable companies in the world was a breach of charitable trust. Elon Musk, who co-founded OpenAI i…

The EU sanctioned Chinese firms for arming Russia. China retaliated by threatening Europe’s ability to arm itself.
The EU sanctioned Chinese firms for arming Russia. China retaliated by threatening Europe’s ability to arm itself.

China’s Ministry of Commerce issued a formal condemnation on Saturday after the European Union included approximately 27 Chinese and Hong Kong entities in its 20th sanctions package against Russia, the largest round of listings in two years. Beijing sa…