DeepSeek has secretly developed its own AI inference chip for nearly a year and secured a $5.1B Series A round; Momenta, dubbed 'China's first physical AI company,' listed on HKEX with a $7.1B market cap, marking a new phase in automotive-grade AI commercialization.
## 🔍 Key Insights
DeepSeek has secretly been developing its own **AI inference chip** for nearly a year—and simultaneously secured its **first-round funding of ¥51 billion (≈$7.1B)**, aiming to build domestic AI infrastructure and reduce reliance on NVIDIA. Meanwhile, **Momenta** debuted on the Hong Kong Stock Exchange as the **“First Physical AI IPO”**, achieving a market cap of **HK$71 billion**, signaling a new phase in commercial deployment of automotive-grade AI [6][5].
## 🚀 Top Updates
- **DeepSeek goes chip-native—quietly building an inference-first AI chip** [6]: Its in-house AI inference chip project has progressed under the radar, with hiring conducted entirely offline. Goal: establish sovereign, homegrown AI compute infrastructure.
- **Momenta lists on HKEX at HK$71B valuation** [5]: Debuts as the “First Physical AI IPO,” with full-stack autonomous driving tech validated in mass production.
- **Elon Musk denies building an iPhone—but wants phones to become edge AI nodes** [0]: Inspired by Robotaxi economics, he envisions idle smartphones generating income for users via distributed AI compute.
- **Zero-experience dev ships a cocktail recommendation app in 20 mins using Gemini 3.5 Flash** [1]: A real-world demo—Google AI Studio + “vibe coding”—proves how low-code AI app development is accelerating.
- **Apple’s foldable iPhone enters mass production** [2]: Supply chain sources confirm production has begun; launch expected in 2025.
- **June 18 smartphone sales drop 13% YoY** [2]: Consumer electronics demand remains soft, compounded by longer upgrade cycles—industry shifts into structural recalibration.
- **Building AI Agent Skills requires human-AI collaboration—not full automation** [4]: Best practices emphasize focus on core capabilities, strict skill count limits, and cross-harness testing.
- **U.S. lifts export & commercial use restrictions on OpenAI’s GPT-5.6** [7]: Department of Commerce approves broad deployment—marking a regulatory pivot toward “controlled release.”
## 🔗 Sources
[0] Musk Isn’t Building an iPhone—But He Wants Your Phone to Earn Money for You — https://www.bestblogs.dev/article/e2a3a584?utm_source=rss&utm_medium=feed&utm_campaign=resources&entry=rss_article_item
[1] I Built an App Using U.S. “Doubao”—And Can’t Stop! — https://www.bestblogs.dev/article/8a97e37b?utm_source=rss&utm_medium=feed&utm_campaign=resources&entry=rss_article_item
[2] Morning Brief | Apple’s Foldable iPhone Enters Mass Production / DeepSeek May Develop Its Own AI Inference Chip / 2024 June 18 Smartphone Sales Down 13% YoY — https://www.bestblogs.dev/article/2e84bb69?utm_source=rss&utm_medium=feed&utm_campaign=resources&entry=rss_article_item
[3] Hacker News Top Stories, July 8, 2026 # — https://www.bestblogs.dev/article/77742805?utm_source=rss&utm_medium=feed&utm_campaign=resources&entry=rss_article_item
[4] Critical Reflections and Practical Guidelines for Writing Effective Agent Skills — https://www.bestblogs.dev/status/2074732405743624650?utm_source=rss&utm_medium=feed&utm_campaign=resources&entry=rss_article_item
[5] HK$7.1 Billion! Tsinghua Alumni Launch “The First Physical AI IPO” on HKEX — https://www.bestblogs.dev/article/710billion?utm_source=rss&utm_medium=feed&utm_campaign=resources&entry=rss_article_item
DeepSeek has secretly been developing its own AI inference chip for nearly a year—and simultaneously secured its first-round funding of ¥51 billion (≈$7.1B), aiming to build domestic AI infrastructure and reduce reliance on NVIDIA. Meanwhile, Momenta debuted on the Hong Kong Stock Exchange as the “First Physical AI IPO”, achieving a market cap of HK$71 billion, signaling a new phase in commercial deployment of automotive-grade AI [6][5].
🚀 Top Updates
- DeepSeek goes chip-native—quietly building an inference-first AI chip [6]: Its in-house AI inference chip project has progressed under the radar, with hiring conducted entirely offline. Goal: establish sovereign, homegrown AI compute infrastructure.
- Momenta lists on HKEX at HK$71B valuation [5]: Debuts as the “First Physical AI IPO,” with full-stack autonomous driving tech validated in mass production.
- Elon Musk denies building an iPhone—but wants phones to become edge AI nodes [0]: Inspired by Robotaxi economics, he envisions idle smartphones generating income for users via distributed AI compute.
- Zero-experience dev ships a cocktail recommendation app in 20 mins using Gemini 3.5 Flash [1]: A real-world demo—Google AI Studio + “vibe coding”—proves how low-code AI app development is accelerating.
- Apple’s foldable iPhone enters mass production [2]: Supply chain sources confirm production has begun; launch expected in 2025.
- June 18 smartphone sales drop 13% YoY [2]: Consumer electronics demand remains soft, compounded by longer upgrade cycles—industry shifts into structural recalibration.
- Building AI Agent Skills requires human-AI collaboration—not full automation [4]: Best practices emphasize focus on core capabilities, strict skill count limits, and cross-harness testing.
- U.S. lifts export & commercial use restrictions on OpenAI’s GPT-5.6 [7]: Department of Commerce approves broad deployment—marking a regulatory pivot toward “controlled release.”
🔗 Sources
[0] Musk Isn’t Building an iPhone—But He Wants Your Phone to Earn Money for You — https://www.bestblogs.dev/article/e2a3a584?utm_source=rss&utm_medium=feed&utm_campaign=resources&entry=rss_article_item
[1] I Built an App Using U.S. “Doubao”—And Can’t Stop! — https://www.bestblogs.dev/article/8a97e37b?utm_source=rss&utm_medium=feed&utm_campaign=resources&entry=rss_article_item
[2] Morning Brief | Apple’s Foldable iPhone Enters Mass Production / DeepSeek May Develop Its Own AI Inference Chip / 2024 June 18 Smartphone Sales Down 13% YoY — https://www.bestblogs.dev/article/2e84bb69?utm_source=rss&utm_medium=feed&utm_campaign=resources&entry=rss_article_item
[3] Hacker News Top Stories, July 8, 2026 # — https://www.bestblogs.dev/article/77742805?utm_source=rss&utm_medium=feed&utm_campaign=resources&entry=rss_article_item
[4] Critical Reflections and Practical Guidelines for Writing Effective Agent Skills — https://www.bestblogs.dev/status/2074732405743624650?utm_source=rss&utm_medium=feed&utm_campaign=resources&entry=rss_article_item
[5] HK$7.1 Billion! Tsinghua Alumni Launch “The First Physical AI IPO” on HKEX — https://www.bestblogs.dev/article/710billion?utm_source=rss&utm_medium=feed&utm_campaign=resources&entry=rss_article_item