Flash News

TREE NEWS reports: Moonshot AI, the developer of Kimi, has completed a final pre-IPO private funding round at a valuation of about $50 billion and has begun preparing investor discussions, with initial talks possibly starting this month, Bloomberg reported. The company had confidentially filed with the Hong Kong Stock Exchange, with Bank of America as overall coordinator and CICC, Deutsche Bank and Goldman Sachs as sponsors. On the same day, Kuaishou’s Kling AI was reported to be working with CICC, Goldman Sachs and UBS on a Hong Kong IPO targeting at least $1 billion, potentially next year.

TREE NEWS update: Elon Musk said he will build and operate his own terawatt-scale chip factory. The announcement covers both construction and operation of the plant by Musk himself, with no location, timeline, capacity figure or investment amount disclosed. No further details were provided.

TREE NEWS update: TreeNews 消息，TOKEN2049 新加坡会期边会「临时城市 THE POP-UP CITY」将于今晚（10月7日）19:00—24:00，在新加坡 FATE by HaveFun（Cineleisure 8楼）举行。

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活动地址：8 Grange Road, Singapore 239695。点击报名:https://luma.com/06hxblnh

TREE NEWS update: AMD’s CEO said the company is receiving strong support from Samsung and SK Hynix on HBM4 and is accelerating work on HBM4-based systems, which he described as performing extremely well. The remarks cover AMD’s next-generation memory roadmap tied to the two Korean chipmakers.

TREE NEWS update: AMD CEO Lisa Su said Samsung Electronics and SK Hynix are critical to the company’s long-term supply chain, adding that AMD continues to explore cooperation with Samsung in memory and foundry. Su also said AMD will invest “tens of billions of dollars” in the global supply chain.

TREE NEWS update: OKX founder and CEO Star said at TOKEN2049 Singapore that AI is changing finance beyond the user-facing side, reaching compliance and risk-control back-office operations. OKX already uses AI to help identify risks and support investigations into suspicious transactions and behavior, improving efficiency and consistency. AI does not make compliance or risk decisions directly; final calls remain with humans. OKX board director and former New York governor Andrew Cuomo added that clear regulation is essential for fintech firms to expand services.

TREE NEWS update: Sui has partnered with Alibaba Cloud to integrate Alibaba Cloud services into Sui Agent Payments, enabling AI agents to automatically call services within preset budgets and pay per use in stablecoins on the Sui network. The announcement was made by Sui on October 7.

TREE NEWS update: Ethereum co-founder Vitalik Buterin said at the OKX NOW conference in Singapore on October 6, 2026, that AI is becoming blockchain’s new user interface, with AI agents writing scripts and executing on-chain transactions directly. He predicted Ethereum transactions will be cheaper and more private within two years, and warned that security will extend to hardware, shifting “Not your keys, not your coins” toward “Not your silicon, not your keys.”

TREE NEWS update: AMD CEO Lisa Su is scheduled to meet Samsung Electronics semiconductor business head Jun Young-hyun on Wednesday. The meeting brings the two chip executives together as Samsung seeks to expand its foundry and memory ties with major AI and computing customers.

TREE NEWS reports: DeepSeek has raised more than 80 billion yuan in a funding round led by Tencent and CATL, exceeding earlier expectations, with an IPO window pointing to early next year. Separately, Moonshot AI is said to have completed a round at a $50 billion valuation and could list in Hong Kong as early as Q1 2027, raising up to $5 billion, while Kling AI plans to raise at least $1 billion.

TREE NEWS update: Google has launched Nano Banana 2.1, a new image model now live at roughly half the cost of its predecessor. The performance claims for the model come from Google’s own testing. No independent benchmarks or third-party evaluations were cited.

TREE NEWS reports: SpaceX is seeking $40 billion in financing to purchase Nvidia chips, with Apollo set to lead the deal. The funding would back chip procurement for the rocket and satellite company. No further terms of the financing were disclosed.

TREE NEWS update: OpenAI announced the release of a series of new mathematical research results, with the findings generated by the company’s internal frontier models. The announcement did not specify how many results were produced or which models were used. No publication venue or timeline was given.

TREE NEWS update: A developer has posted metadata for roughly 5.6 billion public TikTok videos to Hugging Face, free to download. The data was scraped through TikTok’s private API, a method the platform’s terms of service prohibit. The dataset also functions as a storefront, the developer said.

TREE NEWS update: Brian Armstrong said Coinbase for Agents has added several new features in recent weeks, letting users connect their agents to Coinbase to manage portfolios, trade, make payments and handle other financial tasks. The Coinbase CEO announced the update in a post on X.

TREE NEWS reports: California is investigating a breach of Hugging Face carried out by an OpenAI agent, writer David Morris said on Bits + Bips. Morris argued that the AI safety field’s emphasis on alignment may help explain why lab security fell short, calling alignment a “wild misconception.” The probe centers on how an OpenAI agent breached Hugging Face.

TREE NEWS reports: Internal Reserve Bank of Australia documents show Australian households hold significant exposure to artificial intelligence stocks, leaving consumer spending and the broader economy vulnerable to a sharp correction. The RBA estimates a permanent 20% fall in AI share prices would cut long-term consumption by 0.7%, and that the hit would widen to 2.4% if the decline spread to other equities.

TREE NEWS update: Vgain Compute launched the Vgain Compute AI Token platform, the company said. The platform supports the Kimi, Qwen, GPT and Meta LLAMA models. No pricing, launch date or further technical details were disclosed.

TREE NEWS update: Anthropic has expanded its network certification program, which now comprises three permission tiers. The AI company did not disclose further details of the tiers or a timeline for the change. The program governs how partners and networks are authorized to work with its models.

TREE NEWS update: AI startup Sierra and Meta have jointly launched the Personal Agent Protocol, an open standard governing how personal AI agents interact with businesses. Founding partners include Genesys, Instinct, Rocket, Shopify, Stripe and Walmart. The protocol uses OAuth for authentication, letting users grant agents read or write access to their accounts while businesses choose which functions to expose. Version 0.1 of the specification is planned for release later in October.