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During the chip boom, when valuations increased tenfold in three months, even 50 million didn’t allow him to start a business.

Author｜Bao Yonggang Editor｜Liu Wei With 50 million yuan on the table, Dr. Zhang finally decided not to start a business. He had just left an acquired company and caught up with the new wave of chip entrepreneurship. A well-known VC is willing to spend 50 million yuan to let him form a team and become CEO. Dr. Zhang frequently meets with investors and identifies core members, and the project has reached the start-up stage. After a while, he stopped. After talking with investors and people in the market, Dr. Zhang felt that his abilities did not fully match what he really needed to start a business. Placing it in the spring of 2026, this is an abnormal decision. At that time, the valuation of popular chip projects could increase tenfold in three months, and technical backbones of major manufacturers were constantly being persuaded to start their own businesses. Most people were worried about missing the window, but Dr. Zhang chose to stay on the sidelines when the money was already in front of him. Wang Xiaofeng is already on the court. Wang Xiaofeng, who has a technical background, has worked for several domestic AI chip companies. What attracted him to starting a business was that he could finally do something according to his own judgment. What he is doing is one of the hottest directions in 2026, LPU chips. During a financing exchange, an investor asked him: What programming model should LPU adopt? For GPUs, the answer is SIMT. There is no ready answer for LPU chips. Wang Xiaofeng knows very well that this is not a problem that can be solved with a few pages of PPT. If he could calm down and study for two or three months, he felt that he could at least make a preliminary plan. The problem is, he doesn't have these two or three months. "There is no time at all, and I can't calm down to study slowly. Everyone in the team is under great pressure." It's not because the company has no money. After receiving the first investment in early 2026, it took more than half a year to advance three or four rounds of financing, and its valuation increased from the initial few hundred million yuan to nearly one billion yuan. Dr. Zhang chose not to start a business when faced with 50 million yuan, but Wang Xiaofeng was pushed by rounds of financing.

雷峰网
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Crypto

Prediction market user lost US$300,000 betting on football, sued Kalshi for illegal gambling and demanded US$580,000

After a man in Washington State lost more than $308,000 on sports betting on Kalshi, he sued the platform for operating illegal gambling in accordance with state law, citing "game by game [...] Prediction market users lost $300,000 betting on sports, and sued Kalshi for illegal gambling for $580,000." This article was first published on BlockTempo "DongZu DongTen - the most influential blockchain news media".

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Crypto

[Madman Talks about Trends] Bitcoin fell below the 200-day moving average, and the overall market outlook is still optimistic

Although it has fallen below the 200-day moving average, Bitcoin is already very resilient. Overall, I am still optimistic about the market outlook. First, I have confidence in the big cycle of Bitcoin. Second, I believe that the AI ​​bull market is far from over. This decline is likely to be a collapse that gradually shifts from the hardware layer to the application layer. "[Madman Talks about Trends] Bitcoin fell below the 200-day moving average, and the overall market outlook is still optimistic." This article was first published on "Block Guest".

Blockcast 鏈報
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Crypto

The Fed is likely to raise interest rates by 2% in December. Can Bitcoin’s rebound continue? U.S. bond yields approach 5%, pay attention to three major funding signals

U.S. inflation data exceeded expectations, and the market focus is shifting from the short-term rise and fall of Bitcoin to whether the Federal Reserve needs to adopt more aggressive tightening policies. As Fed Governor Christopher Waller raised the possibility of a 2% interest rate hike in December, the U.S. 10-year Treasury bond yield approached 5% and the dollar strengthened simultaneously. The real test for cryptocurrencies may not be whether they can rebound briefly. 〈The Fed may raise interest rates by 2% in December, can Bitcoin’s rebound continue? U.S. bond yields are approaching 5%, pay attention to three major financial signals> This article was first published on "Blocker".

Blockcast 鏈報
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Technology

After AI took over operations, AliExpress potential market Double 11 sales surged by more than 50%

This year’s overseas Double 11, orders from Chinese cross-border merchants appeared in many unexpected “unpopular” markets. The reporter learned from AliExpress, Alibaba’s cross-border e-commerce platform, that in the seven days before the Double 11 promotion, the average daily transaction volume in potential country markets outside AliExpress’s main markets surged by more than 50% year-on-year. With the help of AI smart hosting, merchants can expand their business to more markets that they usually have no business in. How active are consumers outside the spotlight in “buying”? AliExpress data shows that in the Falkland Islands, where “there are more penguins than people”, buyers participating in the sale placed an average of 5.5 orders per person. The place is not big, but the shopping enthusiasm is not small; In the Svalbard Islands in the Arctic Circle, the sun has "off duty" in November, but consumers are not idle. This year's Double 11, Svalbard opened orders for the first time, and the most purchased items were toy figurines; Cape Verde, the "African dark horse" who became famous in the World Cup, impressed people on the football field, but the shopping list was quite pragmatic: the most purchased items on AliExpress were cars and spare parts, beauty and health products; Mali, one of the hottest countries in the world, and Norway, which is freezing cold, were equally enthusiastic about Double 11, and their GMV doubled... Orders from “unpopular” markets are converging into a new growth pole. During this Overseas Double 11, AliExpress's four major regions of South America, Europe, Southeast Asia, and Africa have seen overall growth in potential countries, with markets such as Colombia, Peru, Switzerland, and Norway showing active performance. In the past, merchants knew that AliExpress could “sell to the world from one store”, but if they really wanted to receive these orders, they had to deal with different language, logistics, pricing and promotion rules. Recruit a few more people, or let them go first? Many businesses choose the latter. This year, AliExpress launched intelligent operation agents in countries and regions with potential to hand over these trivial tasks to AI. Once the merchant activates it with one click, the system can automatically optimize the product details page, sign up for activities, match logistics routes, and also provide

雷峰网
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Crypto

Prediction market brokerage! River Markets completes CFTC futures commission merchant registration

The trading volume in the prediction market has surged, giving rise to exclusive brokerage business. River Finance, a subsidiary of River Markets, completes CF […] prediction market brokerage! River Markets Completed CFTC Futures Commission Merchant Registration> This article was first published in BlockTempo, the most influential blockchain news media.

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International

Zelenskiy says first day of trilateral peace talks in Ukraine was "constructive"

High-level talks between Ukraine, Russia, and the United States aimed at ending the war in Ukraine took place on the 10th in Abu Dhabi, the capital of the United Arab Emirates (UAE). This is the first day of the 2 day itinerary. Ukrainian President Volodymyr Zelenskiy did not attend, but said it was "constructive and quite substantive."

BBC News
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Crypto

Can you still trust AI proofs if you can’t understand them? Mathematician: It’s like a new drug. It depends on the correct answer rate.

Cornell mathematician Strogatz divided the role of computers in mathematics into three stages: servant, scout, and oracle. AI now only gives answers but no reasons. […] If you can’t understand AI’s proof, can you still trust it? Mathematician: It’s like a new drug. Look at the correct answer rate. This article was first published in BlockTempo, the most influential blockchain news media.

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