Wednesday, September 09, 2026 — iFlytek Spark X2.5 is doing real work in hands-on tests: it pulled apart a 61-page financial report and caught errors. Ant Group’s Bailing dropped its first finance-enh

Cognition locked in new funding at a $13.4B valuation. Three Chinese founders, one AI coding unicorn. A Sichuan smart glasses startup also pulled in nearly 1B yuan and is prepping an IPO. ARM’s new model selection tool lets builders compare latency and memory before hardware deployment. It’s a pick-and-shovel play while China’s model layer heats up. So what? Money is rotating into applied AI—coding, finance, wearables. Investors want tools that show output, not just benchmarks.

Cognition locked in new funding at a $13.4B valuation. Three Chinese founders, one AI coding unicorn. A Sichuan smart glasses startup also pulled in nearly 1B yuan and is prepping an IPO.