DeepSeek is about to become one of the best-funded AI startups on the planet. The Chinese lab is close to securing at least 80 billion yuan, roughly 12 billion dollars, in a funding round backed by Tencent and battery giant CATL, Bloomberg reported October 6, 2026. People familiar with the deal say signed term sheets could push the total toward 100 billion yuan, about 15 billion dollars.
Four of the biggest names in AI testified under oath before the New York City Council on October 5, 2026, and one notable invitee did not show up at all.
The Council's Committee of the Whole, which includes all 51 Council members and is reserved for matters of significant citywide importance, convened at City Hall to examine the risks artificial intelligence poses to New Yorkers. According to the Council, the hearing marked the first public testimony under oath on AI risks by the leading companies building the technology.
OpenAI has thrown the mathematics world into turmoil. On October 6 and 7, the company published 722 manuscripts on GitHub claiming progress on 372 families of long-standing open problems, spanning theoretical computer science, physics, and mathematics, produced by an unreleased internal AI model whose full capabilities have not been disclosed.
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