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star

Star is a decentralized finance (DeFi) platform designed to provide various financial services through smart contracts, such as lending, liquidity mining, and decentralized trading. The platform leverages blockchain technology to create a transparent and secure trading environment, reducing the intermediary costs of traditional financial services. The Star ecosystem supports multiple crypto assets, allowing users to participate in governance and profit distribution by staking tokens, thereby enhancing asset utilization efficiency.
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AI infrastructure startup Trajectory has completed a $40 million financing round, with participation from Sequoia Capital

According to The Information, AI infrastructure startup Trajectory announced the completion of a $40 million financing round, with a post-money valuation of $300 million, co-invested by Sequoia Capital. The specific financing round and other investors have not been disclosed.Trajectory was founded by researchers from tech companies such as Google and Apple, and primarily helps businesses customize open-source AI models for specific business needs, as well as optimize the software toolchain that supports AI Agent operations (referred to as "Agent Harness"). As the costs of using closed-source large models continue to rise, more and more companies are looking for alternatives: on one hand, they are reducing costs by fine-tuning and customizing open-source models, and on the other hand, they are improving the Agent execution framework to enable AI models to more effectively call tools and execute tasks.This trend is driving a new wave of entrepreneurial enthusiasm around model adaptation and Agent infrastructure. Trajectory aims to address key issues faced by enterprises in deploying AI Agents, including model performance optimization, task execution reliability, and adaptation to enterprise scenarios. The company hopes to help businesses build more efficient and cost-effective AI applications by providing model customization and Agent operation infrastructure.Investors believe that as AI evolves from simple chatbots to Agents capable of autonomously executing complex tasks, a new layer of infrastructure around model optimization and Agent engineering will become an important market. In recent years, Sequoia has also continued to increase its investment in the AI infrastructure sector, including investments in AI Agents and enterprise AI applications.

hot_img SK Hynix will expand its NAND production capacity in Dalian by about 50%, with the second factory in Dalian expected to start production in the first half of next year

SK Hynix has restarted the construction of its second NAND flash memory factory in Dalian, expecting to increase the monthly production capacity in the region by about 50%. The new production line is designed for a monthly capacity of approximately 50,000 wafers, combined with the existing Dalian Plant 1's monthly capacity of 100,000 wafers, bringing SK Hynix's total NAND production capacity in China to about 150,000 wafers per month. The factory began construction four years ago but was paused due to the downturn in the memory chip market and U.S. export restrictions on equipment to China, having only completed the structural framework.The investment in Dalian Plant 2 is driven by SK Hynix's NAND subsidiary Solidigm, with equipment installation expected to start as early as November this year, and plans to establish a mass production system in the first half of next year. Driven by the expansion of AI data centers, demand for enterprise-level SSDs has surged, with NAND prices rising nearly tenfold compared to a year ago, prompting the restart of investments. SK Hynix will adopt a dual-track strategy: the Dalian factory will use Intel's mature floating gate architecture to produce NAND at the hundred-layer level, while domestic factories like Cheongju M17 will focus on advanced NAND production of over 300 layers, the latter having announced an investment of 19.1 trillion won. Industry insiders expect that the equipment configuration of Dalian Plant 2 will be similar to that of Plant 1, maintaining a monthly production capacity in the range of 40,000 to 60,000 wafers.

hot_img Israeli AI startup Decart is negotiating a sale with an estimated valuation of around $6-7 billion, with SpaceX and Amazon identified as potential buyers

According to exclusive reports from CTech (Calcalist), Israeli AI startup Decart is in deep negotiations with an international tech giant for a sale, with a valuation of about $6 to $7 billion, and the deal could be signed next week. Founded in 2023, Decart focuses on the development of real-time video generation AI models, employing around 100 people, and has raised approximately $450 million to date. The company just completed a $300 million funding round in May, with a valuation of $4 billion. Initial negotiations were with NVIDIA, and as they were nearing an agreement, another giant intervened, prompting the founder to shift focus to the new buyer. Industry speculation suggests the new buyer could be SpaceX, but Amazon and Nebius are also reportedly interested in participating.Decart's technological advantage lies in its ability to generate videos at a cost far lower than its competitors. SpaceX founder Elon Musk has maintained regular contact with co-founder Dean Leitersdorf since experiencing the game Oasis developed based on Decart's technology in 2024. Sequoia Capital partner Shaun Maguire (who organized Musk's post-war trip to Israel) has been investing in the company since the seed round. If the buyer is SpaceX, it will establish its first R&D center in Israel. Previously, SpaceX had acquired AI programming startup Cursor for $60 billion after its IPO, and acquiring Decart would further strengthen its position in the AI infrastructure sector.

hot_img Yushu Technology starts subscription, Meituan and Sequoia may become the biggest external winners, DJI misses out on approximately 3.7 billion yuan in floating profits

Yushu Technology officially launched online and offline subscriptions on August 10, with an issue price of 150.80 yuan per share. The total market value after issuance is approximately 60.993 billion yuan, with total fundraising of nearly 6.1 billion yuan, and the issuance price-to-earnings ratio is 219.23 times, significantly higher than the industry average of 38.56 times.Meituan holds a total of 9.65% of Yushu's shares before issuance through its three subsidiaries, making it the largest external institutional shareholder; Sequoia China holds a total of 7.11%, ranking second. Based on the issue price, the two institutions will receive substantial paper returns. Sequoia first participated in the capital increase in December 2019 with 15 million yuan, at which time the post-investment valuation was only 150 million yuan.A fund under DJI planned to invest 10.1286 million yuan in 2018 for a corresponding shareholding of about 17%, and completed the business registration, but chose to withdraw its investment in 2019. If this investment had been retained until now, the corresponding market value would be approximately 3.7 billion yuan based on the issue price. DJI did not explain the reason for the withdrawal, but in 2019, the company announced an anti-corruption notice, disclosing the handling of 45 employees suspected of corruption, which led to a complete halt of the investment department's work.Among other major shareholders, Jingwei Venture Capital holds 5.45%, Shunwei Capital holds 4.42%, and CITIC Securities holds a total of 4.49%. In terms of strategic placement, DeepSeek received 933,400 shares (subscription of 141 million yuan), and Shanghai Qishan Investment, a subsidiary of Tencent, received 903,300 shares. CITIC Securities, as the sole sponsor, will receive approximately 145 million yuan in sponsorship underwriting fees and will be allocated 808,900 shares through co-investment. Yushu also reminds that the issuance price-to-earnings ratio is significantly higher than the industry average, posing a risk of stock price decline. The deadline for payment for successful applicants is August 12.
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