Writer, a Competitor to ChatGPT, Secures $100 Million in Funding

Translated data: The generative AI platform Writer has announced a $100 million Series B funding round, led by ICONIQ Growth, with existing investors Insight Partners, Balderton Capital, and Aspect Ventures also participating. Writer, akin to ChatGPT, offers functionalities such as text generation, summarization, and error correction, but it primarily focuses on the enterprise sector, emphasizing data security and transparency.

Tencent and CATL Plan to Invest Heavily in DeepSeek's First Round of Funding, Valuation May Reach 400 Billion Yuan

Chinese AI startup DeepSeek plans to conduct its first large-scale financing round, aiming to raise about 50 billion yuan (approximately 7.4 billion US dollars), with an estimated valuation of 350 to 400 billion yuan after the funding. The company has gained global attention with its V3 and R1 models, changing the perception of China's capabilities in large model development.

Partnering with OpenAI! Mitsubishi UFJ Financial Group Promotes Full AI Transformation

Mitsubishi UFJ Financial Group (MUFG) announced that it has fully deployed ChatGPT Enterprise for its approximately 35,000 employees, embarking on a deep transformation toward an 'AI-native' company. Since partnering with OpenAI in October 2024, the group has been committed to using generative AI to reshape financial services, enhance retail customer experiences, and expand human thinking and creativity. This move marks its official entry into a new business phase driven by AI.

The Wind of the Large Model Track Blows! Hong Kong Stock Concept Stocks Surge Collectively, Zhipu Soars Over 17%

Hong Kong stock concept stocks related to large models rose strongly on May 29th, with Zhipu's stock rising more than 17% during the day leading the way, followed by MINIMAX-W with a rise of more than 6%. Analysts believe this upward trend reflects the attention and confidence of capital in the AI field.

Earn 47 Billion Dollars! Anthropic's Annual Revenue Surges, Claude Enterprise Applications See a Major Breakthrough

Anthropic announced that its annual revenue has exceeded 47 billion dollars, demonstrating the huge potential of generative AI in commercialization. Since the Series B funding round in February, the flagship model Claude has seen a major breakthrough in the enterprise market, driving rapid growth in performance and highlighting the intensifying competition in the AI industry.

AI Programming Startup Cognition Secures $1 Billion in Funding, Valuation Reaches $25 Billion Before the Round

Artificial intelligence programming startup Cognition completed a funding round exceeding $1 billion on May 27, 2026, with a pre-money valuation of $25 billion, led by Lux Capital and General Catalyst. Compared to its valuation of $10.2 billion during its $400 million funding in September 2025, its value has more than doubled. Its core product is autonomous AI software engineering.