Moonshot AI completes $3.5B financing, DeepSeek-V4-Flash API opens public beta, Amazon Q2 AWS grows 37%, Unitree IPO registration effective.
Economic Observer reported that Moonshot AI completed a new round of financing exceeding $3.5 billion, post-money valuation rising to $35 billion; the Pre-IPO round has started with a pre-money valuation of $50 billion. Compared to the $4.3 billion valuation in the C-round at the end of 2025, growth exceeded 10x in just over half a year. Kimi K3 (2.8 trillion parameters) released full weights on July 27, becoming the largest parameter open-weight model globally.
Agent ultimate test score 25.2, approaching Opus-4.8's 25.7, far exceeding V4-pro preview's 15.8. Platforms like Artificial Analysis updated simultaneously: single task cost for identical tasks is about 60% lower than GPT-5.6 Luna. National Supercomputing Internet also launched this model API synchronously.
Q2 revenue grew 20% YoY, AWS revenue grew 37%, fastest in 18 quarters. AI business annualized revenue broke $25 billion. Company raised 2026 full-year capex to $220 billion, stating AI compute supply shortage will persist until 2028. Stock jumped 15.32% on July 31, largest single-day gain since 2012. "Burning cash" was realized as "making money" in financial statements for the first time.
Unitree Technology's STAR Market IPO received CSRC consent for registration: Plans to issue 40.4464 million shares (10% of total post-issue shares), raising 4.202 billion RMB, corresponding to a valuation of approx. 42 billion RMB; preliminary inquiry on Aug 5, online/offline subscription on Aug 10, payment on Aug 12. In strategic placement, employee asset management plan subscribes no more than 271.5 million RMB, with 161 executives and core employees participating. Chairman Wang Xingxing personally subscribed 15 million RMB. A-share "First Humanoid Robot Stock" enters pricing week. Employees putting up real money to follow-on invest is the hardest fundamental endorsement besides the prospectus.
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