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The list of the first batch of award winners for the Sun Yuchen Prize is now under public notice for 14 days, and the on-chain prize pool address has been credited with 10 million USD

According to official news from the Sun Yuchen Prize, the first batch of award winners has officially entered a 14-day public notice period starting September 19. The topics currently under public notice are questions number 305, 371, 381, 526, 866, and 1001, among which candidates for questions 305, 371, and 381 are formal verifiers, candidates for questions 866 and 1001 are mathematical problem solvers, and question 526 has candidates from both roles. The public notice information has been made available on the official GitHub candidate registration form, and the public can submit formal challenges.It is reported that the Sun Yuchen Prize is the world's first zero-trust decentralized academic reward mechanism based on a list of questions, with a maximum single-question prize of 1 million US dollars. On the day of its establishment, the first batch of 66 mathematical problems was announced, with the highest prize of 1 million US dollars awarded to the OpenAI research team in recognition of their solution and formal proof regarding the "existence and smoothness problem of the three-dimensional Navier-Stokes equations." At the same time, the prize operating organization also announced the on-chain address of the prize pool, which has already deposited 10 million US dollars. After the public notice period ends, the prize will be distributed in USDT (TRC20) or USDC (ERC20), and the winners will also receive certificates and medals.

first_img The 2026 China Private Enterprises Top 500 was released, with revenue of 44.93 trillion yuan

The All-China Federation of Industry and Commerce organized the 28th large-scale survey of private enterprises, with a total of 6,350 companies participating that have an operating income of over 1 billion yuan in 2025. Among them, the top 500 companies by operating income are the 2026 China Private Enterprises Top 500. In 2025, the total operating income of the Top 500 private enterprises reached 44.93 trillion yuan, with an average of 8.9851 billion yuan per household, an increase of 4.35% compared to the previous year; total assets reached 53.74 trillion yuan, with an average of 10.7479 billion yuan per household, an increase of 5.05%. A total of 29 companies made it to this year's Fortune Global 500 list.The net profit of the Top 500 private enterprises was 1.83 trillion yuan, with an average of 3.652 billion yuan per household, an increase of 1.31%. The proportion of companies in the secondary industry and manufacturing industry accounted for 74.40% and 70.60%, respectively, with the total operating income of the manufacturing industry reaching 32.22 trillion yuan, an increase of 8.73%. The actual reported total R&D expenditure of enterprises was 1.26 trillion yuan, with an average R&D investment intensity of 2.95%; total exports reached 1.97 trillion yuan, an increase of 11.25%; total tax payments amounted to 1.30 trillion yuan, and the total number of employed persons was 11.9633 million.

Ideal Semiconductor's subsidiary advances first round of financing with a pre-investment valuation of approximately 15 billion yuan

According to an exclusive report from Late Auto, the chip subsidiary of Li Auto is advancing its first round of external financing, with a pre-investment valuation of approximately 15 billion yuan, planning to raise several billion yuan. Business registration information shows that Mach Intelligent Cores Limited was established in Hong Kong on July 14, and on August 4, it fully established Shanghai Mach Intelligent Technology Co., Ltd., with Li Auto's CTO Xie Yan serving as the legal representative; a few days later, it also fully established Shanghai Mach Heart Technology Co., Ltd., with the legal representative being Li Auto's co-secretary Wang Yang.Li Auto's self-developed chip team consists of about 200 people, mainly engaged in AI computing architecture, chip design, and related software development, while advancing two types of self-developed chip projects for vehicles and the cloud. Its first self-developed chip, Mach M100, has entered mass production and is equipped in several new or updated models launched this year; another cloud inference chip is under development, also using a data flow architecture. In the first half of this year, financing in the domestic semiconductor sector amounted to approximately 162.7 billion yuan, with AI computing being one of the key areas for funding. For reference, NIO's chip subsidiary Anhui Shenji completed its first round of financing of 2.257 billion yuan in February this year, with a post-investment valuation of nearly 10 billion yuan.

Silicon-based Flow has completed the B+ round Phase II and C round financing, totaling nearly 2.9 billion yuan

The third-party AI inference infrastructure company, Silicon Flow, announced the completion of Phase II of its B+ round and C round financing. The company transforms computing power and models into directly callable Token services. By 2026, the cumulative equity financing amount has approached 2.9 billion yuan, and the amounts for these two rounds have not been disclosed.Based on the Token annual throughput in 2025, Silicon Flow ranks fourth among all Token suppliers in China, with a market share of 1.5%. The top three, Volcano Engine, Alibaba Cloud, and Baidu Smart Cloud, account for 42.7%, 32.5%, and 11.8% respectively, totaling about 87%. This round of investors includes the China Internet Investment Fund, Guoxin Fund, China Mobile Chain Long Fund, China Orient Asset International, as well as YaoTu Capital, Shengyi Capital, and Cathay Venture Capital continuing to invest.Silicon Flow's revenue in 2025 is projected to be 55.33 million yuan, with a net loss of 345 million yuan, and an overall gross margin of -24%. The company submitted its application to the Hong Kong Stock Exchange at the end of June and is currently applying for a main board listing under the 18C chapter "Uncommercialized Companies" rules. Beijing has just released the first provincial-level token economy special policy in the country, clearly proposing to build a "world-class token factory," and has listed inference engines, model and chip adaptation, and heterogeneous computing power as key directions.
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