AI Startup Codeium Raises $65 Million in Series B Funding, Valuation Reaches $500 Million


Manifold Space, founded by Wu Wei, a former executive from SenseTime, recently completed a funding round worth hundreds of millions of yuan. The investors include China National New Capital Fund, Yifeng Capital under Temasek, Beijing Automotive Industrial Investment, and Xineng Venture Capital. Existing shareholders also made additional investments. The company has completed six funding rounds within just one year of its establishment, with a total amount of nearly 1 billion yuan, rapidly rising to the forefront of the industry.
Manifold AI, a one-year-old world-model startup, has secured hundreds of millions of yuan in funding from new investors including China Reform Fund, InnoVen Capital, BAIC Capital, and Core Energy Venture Capital, while four existing shareholders oversubscribed. Its rapid growth in the AI race has earned strong capital recognition.....
Google CEO Pichai avoided discussing AI in his Stanford commencement speech due to strong resistance from young people concerned about AI's impact on the job market. This follows incidents where executives faced boos and protests over AI topics, with dozens of students walking out during his address, highlighting AI's sensitivity among youth.....
Super Micro Computer announced a $7 billion equity financing plan, including $5 billion in underwritten stock offering and $2 billion in market issuance, to cover hardware procurement costs. This raised investor concerns over share dilution, leading to a 9% drop in after-hours trading.....
BYD executive vice president Li Ke confirmed the company is advancing its self-developed industrial humanoid robot project 'Yao Shun Yu', initiated in 2022 with a core R&D team of over 4,000. The prototype has evolved to the seventh generation, achieving a bipedal walking speed of 1.5 m/s and a rated load of 50 kg, marking BYD's entry into the embodied intelligence second growth curve.....