Modal Labs, which offers a serverless cloud platform to build AI apps and run AI inference, raised a $355M Series C at a $4.65B valuation, up from $1.1B in 2025 (Deepa Seetharaman/Reuters)

Sources including AI lab staff say users have been persuading chatbots to accurately answer prompts about planning mass-casualty attacks and making bio-weapons (Wall Street Journal)

CXMT is poised for a debut pop that could lift its market cap several times above its initial ~$85B after raising $9.8B in a hugely oversubscribed Shanghai IPO (Bloomberg)

Elio, which is developing a new type of image sensor designed for AI rather than human vision, raised a $21M Series A led by Innovation Endeavors and Xora (Meir Orbach/CTech)

A look at China's bid to build an alternative global order in AI by making open models widely available and training people in developing countries to use them (Financial Times)

China's market regulator says it had fined and confiscated ~$770M from Trip.com for abusing its dominant position in the domestic online hotel-booking market (Reuters)

Several universities including Yale, Johns Hopkins, and the University of Waterloo have restricted or disabled their use of AI detectors over accuracy concerns (Ima Jackson-Obot/Financial Times)