Reflection has successfully raised $2 billion to establish itself as a leading AI lab in the U.S., aiming to compete with industry giants like DeepSeek. The funding will support the development of innovative AI technologies and research initiatives that challenge existing paradigms in the field.
Hangzhou has emerged as a leading tech center in China, largely due to its entrepreneurial spirit and talent pool. The city's transformation was marked by the success of local company DeepSeek, which developed an AI model that competes with American technology at a lower cost, igniting excitement among local entrepreneurs.