Meituan open-sourced LongCat-2.0, a 1.6 trillion-parameter LLM trained entirely on domestic chips

Plans to launch Harness AI coding agent team to compete with Claude Code

Raised $7B in first major funding round, abandoning no-funding pledge

DeepSeek raised $7.4B at $50B valuation in first external round

DeepSeek raised $7.4B Series A at $50B valuation

Raised ~$7.4B at a $50B valuation in first external round, with $2.9B from founder Liang Wenfeng.

DeepSeek-V4 achieves 500K context with 90% less KV cache using FlashMemory

Published research paper on MBGR, a generative recommendation framework for multi-business platforms