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Zhiyuan Launches New Financing Round, Valuation at 50 Billion Yuan, IPO Delayed
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According to investors, the embodied intelligence unicorn company Zhiyuan Innovation has recently initiated a new financing round, raising approximately 1 to 1.5 billion yuan. This round of financing is nearing completion, with the latest valuation at around 50 billion yuan.
On October 13, the National Artificial Intelligence Standardization Overall Group released the 'Research Report on Ethical Governance of Embodied Intelligence.' The report focuses on the ethical governance of embodied intelligence, systematically summarizing governance proposals from the perspectives of lifecycle governance, technical protection, and standard guidance. It is understood that the ethics of embodied intelligence is a branch of artificial intelligence ethics. The report outlines six categories of ethical risks, including the autonomy of individuals, damage to social relationships and developmental rights, personal injury and public safety, privacy violations and misuse of personal information, bias and discrimination leading to service exclusion, misidentification and overestimation of capabilities, as well as unclear responsibilities and difficulties in event reconstruction. These risks are classified into five levels (R1 to R5) based on the severity of the harm caused. The report proposes six basic governance principles centered on humanity, safety and control, privacy protection, fairness and inclusivity, transparency and explainability, and accountability. Zhang Shizong, Deputy Director of the Information Technology Research Center at the China Electronic Technology Standardization Institute, stated that ethical requirements should be integrated into project design, research and development integration, deployment and operation, and service termination, clarifying the protection requirements and responsibilities at each stage. In terms of technical protection, measures include ensuring physical safety through action constraints, protecting perceptual data through controlled collection, and safeguarding autonomous choice through identity prompts and exit functions. Zhang also indicated that standards will be developed around common fundamentals, governance technologies, governance management, and application scenarios. China will accelerate the development of national standards such as the 'Guidelines for Ethical Governance of Artificial Intelligence and Embodied Intelligence,' systematically conducting research on risk classification and grading, protection function requirements, verification testing methods, and accountability mechanisms to promote the integration of ethical governance requirements into the entire lifecycle of embodied intelligence product project design, research and development integration, and operational deployment.
On October 13, the first domestic evaluation benchmark for the entire artificial intelligence industry chain, covering computing power, model algorithms, intelligent systems and products, industry applications, and security governance, was officially released today (October 13) under the name 'Qiusuo' version 4.0.
Market data shows that ETH has fallen below $2500, currently priced at $2499.76, with a 24-hour decline of 2.17%. The market is experiencing significant volatility, so please ensure proper risk management.
On October 13, JPMorgan Chase reported an adjusted revenue of $50.91 billion for the third quarter, falling short of market expectations of $51.37 billion. The bank's earnings per share for the third quarter were $5.57.
On October 13, Cointelegraph reported that MediaMarktSaturn, the parent company of European electronics retailer MediaMarkt, has removed all Ledger products from its stores and online platforms, stating that it is in contact with the manufacturer and takes the matter very seriously. X user Johannes claimed that two Ledger wallets purchased from different MediaMarkt stores contained unauthorized cables and cellular modules. Ledger stated that the related implants could transmit user recovery phrases via cellular networks and is investigating reports beyond CryptoBilis. Former Mt. Gox CEO Mark Karpelès claimed that a Ledger Flex he purchased at Singapore airport contained a spy implant; Ledger responded that users should refer to the latest CryptoBilis investigation updates but did not directly address the Singapore case or confirm the existence of tampered devices in Europe.
On October 13, the Hyperliquid Assistance Fund has cumulatively purchased over 48 million HYPE, with a total expenditure of approximately $1.365 billion. The current market value is around $3.953 billion.
On October 13, Bitmine Immersion Technologies (BMNR) announced that as of October 11, 1:30 PM Eastern Time, the company's total assets in cryptocurrency, cash, tradable securities, and venture capital amounted to $16.2 billion. This includes a holding of 6,028,946 ETH, which, based on Coinbase's price of $2,544 per coin, represents 4.9% of the total Ethereum supply (122.1 million coins), achieving 99% of the '5% alchemy' target. Additionally, the company holds 214 bitcoins, $180 million in Beast Industries equity, $85 million in Eightco Holdings (NASDAQ: ORBS) equity, and $612 million in cash and tradable securities. The company has staked 5,067,309 ETH, valued at $12.9 billion. Chairman Thomas 'Tom' Lee stated that the crypto bull market has begun, and this cycle may be the largest in history.
On October 13, Anthropic released a study warning that AI could potentially seek out networked devices like computer worms, deploy models, and continue to spread using new devices. Common connected devices such as smart TV boxes and refrigerators may become sources of computational power. In the study, 15 Android TV boxes, each priced at around $55, successfully ran the 26 billion parameter Gemma 4 model, but the inference speed was only 0.39 tokens per second. The Zhiyu GLM-5.2 completed the process of finding targets, transmitting models, and initiating inference to continue spreading within an isolated simulated network, successfully covering all 8 target nodes in 4 out of 5 tests. However, the experiment had an open debugging interface without validation, which lowered the difficulty of intrusion, and it relied on external servers, deploying a smaller Llama 3.1 8B model rather than self-replication. After Qwen3.5-9B transmitted fault records to the next round of agents, the deployment success rate increased from 45% to between 61% and 84%. Anthropic predicts that by the end of 2026, small models suitable for inexpensive devices may possess comparable spreading capabilities, but completing one round of replication for a 9B model may take one to two days.
On October 13, Metaplanet (TSE: 3350) announced that the company has decided to issue zero-coupon euro-yen convertible bonds maturing in 2031, with a total scale of ¥52 billion (issued at 102.5% of face value). The bonds will be listed on the Singapore Exchange on October 29, with Merrill International serving as the exclusive bookrunner. The net proceeds are approximately ¥51.9 billion, which will be used to repay about ¥23.6 billion of Bitcoin collateralized credit lines (current balance approximately $650 million), and for a share buyback of up to ¥28.3 billion (approximately 97.94 million shares, accounting for about 7.1% of the issued shares) to offset potential dilution and enhance per-share BTC holdings. This financing is a key component of the company's 'Project Nova' strategy. Metaplanet currently holds 44,000 BTC and is transitioning from a pure Bitcoin holder to a Bitcoin-centric native financial platform, with operations including financing, asset management, settlement, and financial product development. The company has completed the acquisition of Metaplanet Securities and Superplanet (NASDAQ: SUPA) by 2026, serving as the operational foundation for the Japan-U.S. capital markets.
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