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DeepSeek plans to invest in the startup founded by Yu Tao, the head of the Pre-International Dynamics Model, with a valuation of 200 million USD

According to Top Chinese Innovation Society reports, former head of the basic model for humanoid robots at ZhiJi Dynamics, Yu Tao, has left to start his own venture, focusing on the combination of LLM and embodied intelligence. According to relevant sources, his company's first round valuation is 70 million USD, and the second round valuation is 200 million USD, with DeepSeek and a leading top-tier fund participating in the investment.Yu Tao holds a PhD from the University of Science and Technology of China and was a visiting scholar at the National University of Singapore. He previously served as a senior researcher in Tencent AI Lab's Absolute Enlightenment team, where he led the team to build the full-body tracking system LimX WBT and the motion generation system from scratch during his time at ZhiJi Dynamics. According to reports from Phoenix Technology, DeepSeek founder Liang Wenfeng has recently met with several entrepreneurs in embodied intelligence and is internally evaluating different entry methods, such as forming a team independently or investing in external startups.In August of this year, DeepSeek invested approximately 141 million RMB through a strategic placement in Yushu Technology for its IPO; previously, Bloomberg also disclosed its plan to lead the investment in the robotics company Winverse AI founded by former Tencent AI scientist Hu Han.

first_img SBF applied to the U.S. Supreme Court for a rehearing, seeking to overturn the $11 billion forfeiture order

The founder of FTX, Sam Bankman-Fried (SBF), has submitted a petition to the U.S. Supreme Court, requesting to overturn his fraud conviction and revoke the $11 billion forfeiture order. According to CNN, the petition was filed on September 10 local time, led by Alexandra A.E. Shapiro from the law firm Shapiro, Arato, Bach. SBF is currently serving a 25-year prison sentence.The petition raises two core legal issues: first, when can the trial court admit evidence showing whether victims suffered losses, in cases where the prosecution uses a "fraudulent inducement" theory, meaning that it is irrelevant whether the victims suffered economic losses; second, does the Eighth Amendment of the U.S. Constitution allow for forfeiture or other criminal fines that destroy the defendant's future livelihood prospects? The defense argues that the trial court allowed the prosecution to imply that clients suffered massive losses while prohibiting the defense from presenting evidence that clients have been compensated, which constitutes an error.The defense claims that although FTX and Alameda faced liquidity issues at one point, they always held sufficient assets to ultimately pay back investors and clients, and clients have now been repaid with both principal and interest. In 2023, SBF was convicted of multiple counts of fraud and money laundering, and in 2024, he was sentenced to 25 years in prison and ordered to forfeit $11 billion. In June of this year, a panel of the U.S. Second Circuit Court of Appeals upheld the original ruling. The Supreme Court is expected to decide later this year whether to hear the case.
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