China’s Z.ai raises $5b in shares, convertible bonds
The fundraising included US$3 billion in zero-coupon bonds due in September 2027.
We haven't written up this one. Tech in Asia has the full story — the link below goes straight to it.
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A Quick Look at the Finding A group of researchers just released a paper titled Stealing Reasoning Traces from Proprietary LLM APIs (see the original site here ).
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- Technique requires only two API calls to reverse-engineer internal reasoning.
- Implications include privacy violations and erosion of trust in AI workflows.
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Sources: Anthropic told investors it will be profitable for a second straight quarter, with 80%+ gross margins before partner revenue sharing and training costs (Financial Times)
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