velo

Yushu Technology disclosed its third-quarter report for 2026. The company's single-quarter revenue was 666 million yuan, a year-on-year increase of 69.93%; the net profit attributable to the parent company was 113 million yuan, a year-on-year decline of 17.37%, with a nearly 50% decrease compared to the previous quarter.Regarding the profit decline, a relevant person from Yushu Technology's Board Secretary Office stated that it was mainly due to increased R&D investment in computing power and large model directions. This person also mentioned that looking at the longer term, the impact is controllable, and the single quarter only shows a phase change; currently, R&D investment relies on fundraising planning and will not be blindly increased.

According to informed sources, in response to market skepticism, Josh Payne, founder and CEO of Nscale, an AI data center developer transformed from a Bitcoin mining company, stated that the company will continue to advance its IPO as planned, with a target valuation of $30 billion. In a recent internal memo to employees, he mentioned that Nscale has an "insatiable" market demand and a "robust capital structure," and stated that "data speaks louder than words."Reports indicate that the AI infrastructure industry is under pressure as Nscale approaches its IPO. The company claims to have signed contracts worth $103 billion, but as of August 2026, it has only delivered 55 megawatts of computing power, while potential contract demand corresponds to a capacity of 10 gigawatts. Its data center projects are also facing delays, safety violations, and operational challenges, with Microsoft recently withdrawing from one of its data center projects in the UK.

Alphabet (GOOG.O) CEO Sundar Pichai stated that the company is developing a streamlined version of Gemini 4 Carbon for over 1 billion users.

Federal Reserve Chairman Waller stated that against the backdrop of global turmoil, inflation expectations have developed in the right direction.

The funding scale of the Zcash development grant program continues to expand, with the current net funding estimated at approximately 125 million USD, far exceeding current expenditure needs. Sean Bowe, co-founder of Zcash and current head of Tachyon, has proposed a draft suggesting the termination of the current 8% block reward allocated to ZCG in a future network upgrade.There are currently four proposals in the community regarding the development funding mechanism, which involve terminating ZCG grants, canceling the entire development fund grant mechanism, or gradually reducing the grant proportion to zero. Supporters believe that the current mechanism allows funds to accumulate as the price of ZEC rises, but ZCG is not directly controlled by holders; opponents worry that cutting development funds without alternative solutions may impact the subsequent development and maintenance of the protocol. All proposals are still in the discussion stage and have not yet been finalized.

Robinhood CEO Vlad Tenev stated during the third quarter earnings call held this morning that the future plan is to build Robinhood Chain into the best place to hold and trade all tokenized assets, starting with stock tokens and perpetual contracts, and then expanding significantly.Regarding support for builders, Vlad said, "We are currently putting a lot of effort into researching how to further scale and how to better support community development. Many developers have provided feedback that we can do more in supporting the community. I believe everyone will see us increasing our investment because we want to make it the best developer ecosystem and the best on-chain community in the world. So, you will see us increasing investment because the development of emerging ecosystems like this is rare."He also confirmed, "Robinhood is working hard to do more for the community. We had to form a team, and I think in the near future, you will see us providing more support for developers."

According to CoinDesk, XRP Ledger developers are testing a new feature that aims to allow the creation of blockchain accounts with an initial balance of zero, with existing accounts bearing the reserve required for new accounts, thereby lowering the financial threshold for payment applications and automated software to create wallets on a large scale. This proposal was submitted on October 15 in the form of a SponsoredAccountCreate transaction proposal.According to current XRP Ledger rules, each account must reserve at least 1 XRP as a reserve, meaning that creating 100,000 independent accounts would require locking up 100,000 XRP. The new proposal intends for sponsored accounts to bear this reserve requirement, and a broader fee sponsorship mechanism in the future could also allow applications to pay transaction fees on behalf of users, but the overall reserve requirement for the network will not be eliminated. This feature is expected to lower the usage threshold for scenarios such as embedded wallets, RLUSD stablecoin payments, and AI agent automated payments.However, the related code is still under review, and the sponsorship mechanism it relies on has not yet gone live on the mainnet. As of October 19, the mechanism has only received 11 votes out of the 35 required validator votes, still falling short of the 29 votes needed for approval.

According to TNW, Anthropic announced the acquisition of Mithril Medicine in a blog post on Tuesday.This company has only one employee and is developing therapies for two rare muscular dystrophies. The terms of the deal were not disclosed, and founder Cody Tranbarger has joined Anthropic.

According to Crunchbase data, global venture capital investment in robotics startups reached $9.9 billion in the third quarter of 2026, more than doubling from $4.3 billion in the third quarter of 2025, with a year-on-year growth of approximately 185%. In the first three quarters of 2026, financing in the robotics sector grew by about 185% year-on-year, with several consecutive quarters approaching or exceeding $10 billion.This year's robotics financing is largely concentrated in China and the United States, with China receiving $13.2 billion and the United States $12.1 billion, while Germany ranks third with $1.7 billion. The largest financing in China includes $900 million for Guangzhou Xiaopeng Robotics and $736 million in Series C funding for Shenzhen AI² Robotics. In the United States, Travis Kalanick's Atoms and Pittsburgh's Skild AI both completed billion-dollar financing, with Skild AI raising $1.4 billion for its robotics foundation model Skild Brain. Germany's Neura Robotics raised $1.4 billion for cognitive robotics.

The Science and Technology Innovation Board Daily reporter Huang Xinyi exclusively learned that Baidu plans to disclose the research and development progress and results of its world model in the coming days. The world model is one of the popular directions in the current AI field, focusing on modeling and predicting physical environments. It is reported that if this model is used for autonomous driving, it could enhance prediction and decision-making capabilities in complex scenarios, providing support for the large-scale implementation of driverless cars.In the past year or two, Baidu's autonomous driving service, Luobo Kuaipao, has covered 28 cities worldwide and has accumulated a certain scale of real road data. In recent years, Baidu has also been continuously making strategic layouts in the field of embodied intelligence, serving more than 50 key enterprises in the industrial chain, including the Beijing Humanoid Robot Innovation Center, Zhiyuan, Xinghaitu, and Yushu. As for the specific applications of this model and its relationship with Luobo Kuaipao, it is currently unclear, and Baidu has not commented as of the time of publication.

The developer tools AI visibility and usability platform AgentRel announced on X the completion of a $1.3 million financing round, with investors Y Combinator and Broom Ventures. The funds will be used to build AgentRel.The announcement stated that AgentRel helps developer tool companies see whether ChatGPT, Claude, or Gemini would recommend their products or competitors' products, and identifies the difficult points users encounter when using Claude Code. The announcement also mentioned that Profound, Peec, and most other AI visibility tools primarily measure volume, while AgentRel provides accurate data and helps users take action based on that.

According to a report by Reuters, the American AI hardware startup Unconventional AI announced the acquisition of the Israeli AI chip company NeuReality through a combination of cash and stock, with the transaction amount not yet disclosed.Unconventional AI completed a $475 million financing round last December, at which time the company's valuation reached $4.5 billion. The company is dedicated to developing energy-efficient AI chips inspired by biological systems and is using AI tools to accelerate the research and development process. It has completed its first test chip, and the second one is also nearing completion.

Asset management company Grayscale reported that the privacy cryptocurrency Zcash celebrates its tenth anniversary this week. The report states that Zcash's ability to continuously innovate partly stems from allocating 20% of block rewards for developer funding, with the protocol evolving from the Sprout pool to Sapling and Orchard.Launched in 2026, the Ironwood pool adds quantum-resistant addresses and formal verification to address code vulnerabilities. Grayscale expressed hope and expectation that Zcash will continue to expand transaction capacity and prepare for post-quantum era and AI-driven cybersecurity risks, which may require ongoing funding from multiple parties and efficient allocation.

According to market news, DeFi Development Corp has increased its holdings by 5,346 SOL, currently holding 2.595 million SOL, making it the second largest SOL treasury company in the world.

Zcash Labs announced the launch of the JavaScript SDK Zcash JS, which developers can use to build web, server, and mobile applications based on Zcash. The official statement mentions that applications that can be developed include wallets, light clients, and data dashboards.Zcash Labs stated that it will continue to maintain Zcash JS and build supporting tools and code library ecosystems around it. Project documentation and the GitHub code repository have been made publicly available.

LinX HK, an AI recruitment technology brand targeting the Asian market, announced that it has completed a $4 million Pre-A round of financing, with institutional investors including Aipollo and Lingfeng Innovation Fund investing a total of $3 million, and individual investors contributing a total of $1 million. The funds will focus on the product and AI technology development of LinX HK's flagship product, Luminpath.Shuo Shan, co-founder of LinX HK, stated: "This round of financing provides LinX HK with support to further refine our product and technological capabilities. We hope to continue advancing the development of the AI job-seeking agent for Luminpath, helping users discover opportunities more efficiently, understand positions and companies, and face career choices with better preparation."According to reports, LinX HK is an AI recruitment technology brand aimed at the Asian market, with its flagship product being Luminpath. Luminpath is currently in the gray testing phase, providing AI-driven job-seeking support for users in scenarios such as job discovery, resume optimization, customized application materials, and application assistance within authorized scopes.

According to "Du Jia," Tencent is currently beta testing "HermitKit," an AI capability plugin for WeChat Mini Programs, providing three levels of access: API, UI components, and Demo. This plugin supports streaming calls to large models through ChatApi, creates and manages Agents using AgentBuilder, and enables multi-turn conversations, with built-in session storage and long-term memory capabilities. Additionally, it can bind remote Agents via QR code scanning through AgentChannel to complete message sending and receiving.Currently, HermitKit showcases 7 types of functional demonstrations, including AI SDK, Agent Channel, Agent Management, Pet Agent, Chatbot, Travel Planning, and Plugin Market. Among them, the AI SDK aligns with cloud development APIs such as createModel, generateText, and streamText; the Pet Agent allows developers to read pet status through interfaces and trigger status changes using props; the Plugin Market enables searching, publishing, and downloading MCP, Skill, and Expert resource packages. This plugin has not officially launched yet, and related capabilities may still be subject to adjustments, with specifics to be confirmed by official statements.

Recently, at the 2026 World Physics AI Conference and Yushu Partner Ecosystem Conference, the robotics company Galaxy Universal and Yushu Technology announced the joint development of the world's first native intelligent robot, Galaxy Star Galbot ET1.This product made its debut at the World Robot Conference in August this year. This announcement of joint development further showcases the collaboration between the two parties in product definition, hardware refinement, and the development of embodied intelligent capabilities.

Paranoid developer Ignotus Nemo proposed a recursive aggregation scheme for EIP-8288 on the Ethereum research forum, suggesting support for various approved proof sizes to allow smaller proofs for small-scale aggregation. He implemented heterogeneous recursion in the Paranoid system, which has been running both large and small state transition proofs on the public mainnet.The scheme uses a limited set of authenticated validator libraries, processing cross-class delayed validation through independent accumulator channels for each class to ensure the correctness of matrix claims in the recursive steps. When applying this mechanism to EIP-8288, discussions are needed on how to merge subclass libraries, handle dependencies, and address semantic compatibility issues between program identities and validator classes. EIP-8288 was proposed by Vitalik Buterin and Thomas Coratger in June 2026, primarily addressing the issues of large post-quantum signatures and STARK proof sizes, as well as high on-chain verification costs.

Korean storage substrate manufacturer TLB has started the development of the AI server low-power memory module specification SOCAMM3 substrate with two large domestic and foreign storage manufacturers. According to industry news on the 22nd, TLB recently began negotiating design directions and manufacturing processes with two existing storage customers, with specifications yet to be determined. The storage manufacturers plan to complete the design with the substrate manufacturers before finalizing the specifications, with actual substrate mass production expected in 2028.SOCAMM will make the low-power DRAM for mobile devices into a detachable AI server module, which will be first used by NVIDIA in its own AI servers. SOCAMM2 has developed into a JEDEC standard. Currently, each NVIDIA Vera CPU is equipped with 8 SOCAMM2 based on LPDDR5X, with a maximum capacity of 1.5TB per CPU and a bandwidth of 1.2TB per second. The SOCAMM2 substrate requires five layers, and the number of layers for SOCAMM3 will increase, raising the difficulty of processes such as micro-hole processing. The applicable systems have not been disclosed, and the mass production timeline in 2028 coincides with NVIDIA's roadmap. NVIDIA announced in March this year at GTC that it will launch the Feynman GPU and the new CPU Rosa in 2028.TLB's SOCAMM2 substrate has already entered mass production earlier this year, with production volume and sales in the second quarter increasing more than three times compared to the previous quarter. The production time and unit price are both about twice that of existing module substrates. The industry expects TLB's SOCAMM substrate sales to be around 70 billion Korean won this year, and about 140 billion Korean won next year. Brokers estimate the company's overall revenue this year to be about 350 billion to 370 billion Korean won, a year-on-year increase of about 40%, and around 450 billion Korean won next year. The company will begin construction of its second factory next month in the An Phu Industrial Park in Bac Ninh Province, Vietnam, aiming for production in the fourth quarter of next year, but SOCAMM substrates will still only be produced at the headquarters in Ansan in the short term.