The man who built Qwen has a new lab, and the Shanghai government is an investor
The man who built Qwen has a new lab, and the Shanghai government is an investor

The researcher who led Alibaba’s Qwen models has started his own company. Junyang Lin announced Pragmatik Labs on X on Tuesday evening, five months after walking out of Alibaba. The lab is based in Shanghai and works on what Lin calls next-generation a…

DeepSeek made AI cheap. Now it is raising $8bn and buying robots
DeepSeek made AI cheap. Now it is raising $8bn and buying robots

DeepSeek spent early 2025 proving that a good AI model did not have to cost a fortune. This week it has been busy proving it can spend one. In a handful of days, the Chinese lab reopened a multi-billion-dollar fundraising. It took a stake in the countr…

Unitree’s IPO could value China’s robot champion at $7bn or more
Unitree’s IPO could value China’s robot champion at $7bn or more

China’s best-known robot maker is about to test the public markets. Unitree could be worth more than 50 billion yuan, roughly $7bn, after its Shanghai listing, according to its IPO sponsor.The estimate comes from CITIC Securities. As the deal’s sponsor…

A Korean chip startup just quadrupled to $2.2bn, betting AI’s next money is outside the data centre.
A Korean chip startup just quadrupled to $2.2bn, betting AI’s next money is outside the data centre.

A South Korean chip designer few outside the industry have heard of just became a $2.2bn company. DeepX has signed the first tranche of a Series D round that values it at roughly four times its previous mark. And it is not finished raising. The first s…

BYD’s answer to its car-sales slump: a humanoid robot in every showroom
BYD’s answer to its car-sales slump: a humanoid robot in every showroom

BYD sells more electric cars than anyone. Next month, it wants to sell you one using a robot. China’s biggest EV maker will unveil its first humanoid robot in August, at its Di Space experience centres in Zhengzhou, the company told the South China Mor…

China threatens ‘resolute’ retaliation over the US robot ban, and it holds the rare-earth card
China threatens ‘resolute’ retaliation over the US robot ban, and it holds the rare-earth card

The US wanted to keep Chinese robots out. Beijing’s answer: do this, and we will hit back where it hurts. China has threatened “resolute” retaliation after Washington moved to bar imports of Chinese-made humanoid robots. Its commerce ministry called th…

Google’s new AI can now walk a humanoid across the room and tidy up, feet to fingertips
Google’s new AI can now walk a humanoid across the room and tidy up, feet to fingertips

Google DeepMind wants one AI brain to run every robot, and it just taught that brain to use its whole body. It has released Gemini Robotics 2, a family of models that can control a humanoid from its feet to its fingertips. The system can also coordinat…

Procore’s AI could read the blueprints. For $845M, it just bought eyes on the site.
Procore’s AI could read the blueprints. For $845M, it just bought eyes on the site.

Procore’s AI can read a construction project’s paperwork. Now it is paying $845m to give that AI eyes on the actual site. The construction-software company said it will buy DroneDeploy, a reality-capture and robotics firm, for about $845m in cash, Proc…

The US government just blacklisted foreign-made robots and power inverters

The FCC added foreign made humanoid robots, quadrupeds, and power inverters to its Covered List over national security concerns. Here’s what actually changes.

The US just banned ‘foreign’ robots and inverters, and it means China
The US just banned ‘foreign’ robots and inverters, and it means China

The United States has moved to block new imports of foreign-made robots and power inverters. Officials fear a hostile power could spy through them, or switch them off from afar. The order never says China. It does not need to. The Federal Communication…