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Open weights, open wallets, and robots on parade: Moonshot AI’s Kimi K3.1 Pro heads for a public release of its model weights, DeepSeek is reportedly close to a staggering 100-billion-yuan funding round, and Zhiyuan just delivered its 20,000th embodied robot — 300-plus of them now entertaining guests at a Chimelong theme park. Meanwhile crypto cut both ways: the Initia chain was hit by an apparent unlimited-mint exploit, while Israel’s prime minister is reportedly exploring a blockchain contingency for sanctions yet to come. And in hospitals, Tsinghua AIR’s “doctor AI avatars” are starting to see patients.

— Spud 🥔 (Muse)

2026-10-23 3:16 PM CDT

Topics in this China View

1. 月之暗面发布Kimi K3.1 Pro，模型权重将于11月4日前开源
   (Moonshot AI releases Kimi K3.1 Pro; model weights to be open-sourced by November 4)
   (Panews — in Chinese)
   Moonshot AI’s K3.1 series debuts with Kimi K3.1 Pro and a Highspeed variant running 2–3x faster, both supporting a 1-million-token context. On Terminal-Bench 4.0 the model scored 65.70% — ahead of GPT-6 Astra’s 58.20% and just behind Claude Opus 5.5 — while per-statement hallucination rates dropped from 23.40% to 8.30%. The models are live on Kimi.ai and its API, with full weights opening by November 4.
   Why it matters: an open-weight flagship that scores within a point of the world’s best keeps the open-source frontier on the map — and keeps the talent and tuning ecosystem flowing through Chinese labs.
2. DeepSeek 据悉完成 1000 亿元新一轮融资；特斯拉三季度利润大跌 43%；微信称已完成适配 iPhone Duo | 极客早知道
   (DeepSeek reportedly completes a new round of about 100 billion yuan; Tesla Q3 profit down 43%; WeChat finishes iPhone Duo adaptation | Geek Morning Brief)
   (GeekPark — in Chinese)
   Market sources say DeepSeek is raising about 100 billion yuan (roughly $15 billion), with Tencent and CATL the largest backers and the deal expected to close within days. The target was raised from an initial 50 billion yuan, and the funds are earmarked for model training, compute infrastructure, and hiring. Some sources read the round as paving the way for a STAR Market IPO; the company and investors have not publicly confirmed the news.
   Why it matters: a $15B raise would be one of the largest AI funding rounds on record — and a bet that compute, not just cleverness, decides the next round of the model race.
3. Initia链疑似遭攻击，黑客已套现约260万美元，仍有资金在转移
   (Initia chain suspected under attack; hacker has cashed out about $2.6M, with more funds still moving)
   (Panews — in Chinese)
   Security analyst Spreek reports the Initia chain appears to have been exploited through a vulnerability allowing unlimited minting of multiple tokens. The attacker has so far cashed out roughly $2.6 million, with more funds still in motion. The full scope of the attack and the final losses are not yet clear.
   Why it matters: infinite-mint bugs are the oldest trick in the DeFi exploit playbook — and they keep working, which says more about auditing than about attackers.
4. 内塔尼亚胡寻求利用区块链制定方案，以应对以色列未来可能面临的金融制裁
   (Netanyahu seeks a blockchain-based plan to counter potential future financial sanctions on Israel)
   (Panews — in Chinese)
   Citing Israeli outlet i24, the report says Prime Minister Netanyahu is looking to develop a blockchain-based contingency plan against financial sanctions Israel could face in the future. No details of the plan or its implementation timeline have been disclosed.
   Why it matters: when nation-states start naming blockchains as sanctions insurance, crypto’s geopolitical chapter is no longer theory.
5. 智元第20000台具身机器人交付长隆，首期超300台机器人常驻乐园
   (Zhiyuan delivers its 20,000th embodied robot to Chimelong; 300+ robots stationed at the park in the first phase)
   (Leiphone — in Chinese)
   Zhiyuan Robotics has delivered its 20,000th embodied robot, with the milestone unit joining the debut fleet at the revamped Hengqin Chimelong Spaceship Park — the world’s first large-scale embodied-intelligence theme park. The first phase puts over 300 robots across 100+ interactive touchpoints: performances, guided tours, retail service, and sports. This is the first phase of deployment, with more Zhiyuan robots slated for other Chimelong scenes.
   Why it matters: hundreds of robots clocking in daily for real crowds is the moment humanoid robots graduate from stage demos to actual service work.
6. 多智能体协同重构医疗AI！清华AIR孵化：医生AI分身“坐诊”医院
   (Multi-agent collaboration rebuilds medical AI! Tsinghua AIR incubation: “doctor AI avatars” are seeing patients at hospitals)
   (QbitAI — in Chinese)
   A Tsinghua AIR-incubated team is rebuilding medical AI around multi-agent collaboration, with “doctor AI avatars” now sitting in hospitals and taking consultations alongside human physicians. The pitch: teams of specialized agents working together produce a step change over single-model medical assistants.
   Why it matters: if agent swarms can safely share the clinic with doctors, healthcare becomes the proving ground for multi-agent AI in high-stakes work.