"AI 原生 100" 是虎嗅科技组推出针对 AI 原生创新栏目，这是本系列的第「 03 」篇文章。 当同行还在卷模型参数时，两个辍学生把50个开源AI模型"塞"进了一个画布——点几下鼠标、随手涂鸦，40毫秒内图像跃然眼前。 Krea，一家AI设计公司，在成立16个月后，年经常性收入（ARR）冲 到800万美元，收入翻了20倍，用户超2000万，成为入选硅谷最大加速器YC的项目中 "ARR增速最快的公司之一"。同时，Krea也入选了硅谷顶尖风投机构A16Z GenAI 100的榜单，该榜单收录了当下最有价值的100个AI应用。 资本市场也给了Krea更高的想象空间。根据公开资料，虎嗅测算了Krea的PS值，PS值通俗而言就是投资者愿意为每1元销售收入支付多少钱。PS值高意味着 高市场预期。根据Krea的800万美元年收入和5亿美元的估值，其PS值为62.5倍，Midjourney的估值为100亿美元，2024年年收入为3亿美元，估值为33.3倍。 虎嗅与嘉和资本CEO袁子恒、UpHonest Capital投研团队交流，尝试拆解这家在短时间内迅速增长并拿到5亿美金估值的AI设计公司，为何能获得资本的青睐 以及 ...

Societal Concerns - The industry expresses concern over the erosion of civility and elegance in discourse, lamenting a shift towards angry rhetoric [1][2] - The industry fears a dystopian future characterized by limited access to information, inadequate public education, and potential threats to social security [3] Nostalgia and Idealism - The industry reflects on a past era marked by greater civility, respect for differences, and a sense of nobility in public service [1] - The industry emphasizes the importance of appreciating civics and laments its perceived decline [2] Future Outlook - The industry anticipates a potential worsening of the current state, emphasizing the need to preserve positive values [2] - The industry expresses a belief that the present situation represents the best possible outcome, implying a pessimistic outlook for the future [3]

July 3, 2025 11:26 AM GMT Infineon Technologies AG | Europe TSMC to exit GaN/Silicon Key Takeaways What has happened? Navitas recently announced that TSMC will end GaN/Si production in July 2027, suggesting the foundry player is set to wind down some non-core capabilities, especially where the pressures of competing with lower-cost Chinese manufacturing are evident, as with GaN/Si wafers. TSMC's strategic exit from GaN production is prompting Navitas (covered by our US colleague Joe Moore) to diversify its ...

Financial Highlights - Eledon had $1402 million in cash, cash equivalents, and short-term investments as of December 31, 2024[6] - The company forecasts sufficient funds to support operations through the end of 2026[6] Tegoprubart Clinical Development - The Phase 2 BESTOW trial of tegoprubart in kidney transplantation has completed enrollment, with top-line data expected in 4Q 2025[8] - Interim data update from the investigator-sponsored Phase 2 trial in islet cell transplantation for Type 1 diabetes is expected in Q4 2025[8] - A Phase 1b kidney transplant trial is ongoing, with an interim data update expected in mid-2025[8] Kidney Transplantation Market - The U S Medicare expenditure for end-stage renal disease and transplant is $50+ billion annually, including kidney transplantation costs of $440,000+ per transplant[23] - The global organ transplant immunosuppressant market size is estimated at $53+ billion[23] - Approximately 60% of organ transplants in the U S are kidney transplants[15] - Over 30-50% of kidney transplants fail within 10 years on the current standard of care immunosuppression[25] Islet Cell Transplantation - Approximately 2 million Americans live with Type 1 diabetes (T1D)[58] - Around 12% of people with T1D experience recurrent severe hypoglycemic events annually[58]

South Africa's police minister accused of links to criminal gangs https://t.co/aRgyjWpocG ...

Core Viewpoint - Quipt Home Medical Corp. has acquired a durable medical equipment provider owned by Ballad Health, marking a strategic milestone that enhances its partnerships with healthcare systems and expands its service offerings in respiratory care [1][2]. Acquisition Details - The acquisition includes a purchase price of $1.6 million, with the Acquiree reporting unaudited revenue of $6.6 million for the fiscal year ended June 30, 2025, serving over 12,500 patients annually [1][5]. - The Acquiree operates four branch locations across East Tennessee and Southwest Virginia, providing a comprehensive portfolio of respiratory, oxygen, mobility, and home medical products [2][5]. Strategic Implications - The acquisition is expected to facilitate seamless post-acute care coordination through a Preferred Provider Agreement with Ballad Health, integrating Quipt into the care delivery model [2][4]. - Management anticipates that the transaction will establish a scalable playbook for future partnerships with health systems nationwide, enhancing organic growth and reducing patient readmissions [4][5]. Financial Outlook - The management expects the Acquiree's Adjusted EBITDA margin to align with Quipt's historical range within two quarters, driven by operational efficiencies [5]. - The acquisition was completed using cash on hand, maintaining a conservative balance sheet and allowing for future financial flexibility [4][5]. Market Context - The service area of the Acquiree is experiencing a rapidly growing senior population, with the 65+ age cohort expected to grow by 10.2% by 2028, indicating a strong demand for home medical services [5].

Core Viewpoint - In the first half of 2025, all 13 companies that submitted merger and acquisition projects for review in the A-share market were approved, resulting in a 100% approval rate [1] Group 1: Independent Financial Advisors Performance - A total of 13 independent financial advisory firms participated in the 13 approved merger and acquisition projects [2] - Dongfang Securities ranked first with 3 projects, while Huatai United Securities ranked second with 2 projects [3][4] - Other firms including First Capital Securities, Guotai Junan, Bank of China International, China Galaxy Securities, Minsheng Securities, Shenwan Hongyuan, Western Securities, Southwest Securities, Zhongtai Securities, CITIC Securities, and CITIC Jianan each handled 1 project [3][5] Group 2: Legal Advisors Performance - Ten law firms were involved in the legal services for the 13 approved merger and acquisition projects [6] - Beijing King & Wood Mallesons ranked first with 3 projects, while Guohao (Shanghai) and Shanghai Jintiancheng both ranked second with 2 projects each [7][8] - Other firms such as Beijing Haiwen, Beijing Jiayuan, Beijing Jingtian Gongcheng, Beijing Kangda, Beijing Tianyuan, Guohao (Changsha), and Shanghai Fangda each handled 1 project [7][8] Group 3: Audit Firms Performance - Eleven accounting firms provided auditing services for the 13 approved merger and acquisition projects [9] - Tianjian ranked first with 3 projects, while Daxin and Xinyong Zhonghe both ranked second with 2 projects each [10] - Other firms including Ernst & Young Huaming, KPMG Huazhen, Sigma, Zhonghui, Zhongshen Zhonghuan, Zhongxinghua, Lixin, and Guangdong Sinong each handled 1 project [10] Group 4: Asset Evaluation Firms Performance - Eleven asset evaluation firms were involved in the asset evaluation services for the 13 approved merger and acquisition projects [11] - Jinzheng (Shanghai) ranked first with 3 projects, while Zhonglian Evaluation ranked second with 2 projects [12] - Other firms such as Beijing Huaya Zhengxin, Beijing Zhongtonghua, Beijing Zhuoxin Dahua, Shanghai Dongzhou, Tiandao Hengjia, Wokesen (Beijing), Zhongjing Minxin (Beijing), Liaoning Zhonghua, and Beijing Zhongqihua each handled 1 project [12]

I fear becoming arrogant in case I truly make it.Being a KOL in a niche industry might make you believe you’re better than most.But…Arrogance in crypto is a deadly sin many founders and KOLs suffer from.From Do Kwon to SBF. Numerous KOLs.Even crypto as an industry becomes arrogant the higher the prices go. Those are period of exuberance.You start humble and willing to learn and when things go super well, you start believing you’re superior to others.Posting my FUD tweet on Eclipse isn’t what I usually do.Pr ...

I fear becoming arrogant in case I truly make it.Being a KOL in a niche industry might make you believe you’re better than most.But…Arrogance in crypto is a deadly sin many founders and KOLs suffer from.From Do Kwon to SBF. Numerous KOLs.Even crypto as an industry becomes arrogant the higher the prices go. Those are period of exuberance.You start humble and willing to learn and when things go super well, you start believing you’re superior to others.Posting my FUD tweet on Eclipse isn’t what I usually do.Pr ...

At first, it looks like a typical scene of North Korean propaganda. The country's leader, Kim Jong-un, greeted by wild applause. Some weeping as he kneels by the coffins of North Korean troops killed fighting alongside Russia against Ukraine.But look a little closer. You'll notice the teenage girl at his side. Her name is Kim Ju.She's the daughter of the dictator. And according to South Korean intelligence, she's likely being groomed to one day become the first female ruler of North Korea. Ever since the co ...