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ModelBest Prepares for Shanghai IPO

ModelBest Prepares for Shanghai IPO

ModelBest has filed IPO counseling documents with the Shanghai Securities Regulatory Bureau, appointing CITIC Securities as its advisor. A mid-July funding round valued the company at more than 20 billion yuan, while its MiniCPM models have surpassed 38 million downloads across GitHub and Hugging Face.

SpaceX IPO Flags Orbital AI Data Risks

SpaceX IPO Flags Orbital AI Data Risks

SpaceX’s confidential S-1 pre-IPO filing warns that its orbital AI data center plans involve significant technical complexity and unproven technologies, potentially lacking commercial viability. This contradicts Elon Musk’s January Davos claim that space-based AI is a 'no-brainer' achievable in 2-3 years. The disclosure comes as SpaceX eyes a $1.75 trillion valuation.

The Next Web (TNW)MediaApr 22#ipo-filing#space-compute#ai-risks