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Kling AI generated more than RMB 850 million in Q2 revenue, up 240% year over year, making it the standout growth driver in Kuaishou’s otherwise slowing business. Kuaishou is prioritizing AI investment, spinning Kling AI out for independent financing at an implied valuation of US$18 billion despite near-term profit pressure.
Rapidus is pursuing mass production of advanced 2nm semiconductors through a large-scale Japanese national project. Instead of matching TSMC’s scale, the company plans to compete with RUMS, an integrated one-building production model designed for diverse, lower-volume manufacturing.
Anthropic reportedly expects its IPO to match or exceed SpaceX's record $75 billion raise and could file publicly as soon as the end of this month. The company reportedly recorded an almost $42 billion net loss in 2025, about five times the previous year's figure.
Ramp has launched Router, an AI model routing service that allows users and companies to access and switch between multiple large language models. The service is available through an API.
Milan-based AI company Domyn raised roughly $1.1 billion, making it one of the largest financings ever announced by a European AI company. About 90% of the financing is debt and only around 10% is equity, making the capital structure the central story.
Waymo has published the architecture of its robotaxi onboard computer, offering its first detailed look inside the vehicle system. The company also introduced a custom 5-nanometer chip and identified seven suppliers supporting the platform.
Uber has begun offering Baidu’s driverless Apollo Go vehicles through its app in Dubai. Riders booking UberX or Uber Comfort may be matched with an autonomous vehicle, while a dedicated Autonomous option increases the chance of requesting one.
Slack is launching Slack Code, a dedicated channel experience for teams to collaborate with AI coding agents. Users can tag agents such as Anthropic’s Claude or Cognition’s Devin, compare code changes, and preview HTML output within project-specific channels.
Kuaishou’s Kling AI raised nearly $3 billion at a post-money valuation of $18 billion, with Kuaishou’s stake falling to 68.33% and a potential Hong Kong IPO targeted by 2031. Despite strong revenue growth, Kling faces slowing momentum, talent departures, and intense competition from ByteDance’s Seedance and open-source video models.
Relativity Networks raised $22 million through a SAFE and secured a $40 million order from a large cloud provider. The Orlando-based company is developing fibre technology intended to accelerate connectivity inside AI data centres.