Keeps

• Chinese AI lab DeepSeek has closed its first external funding round, raising over CNY 50 billion (approximately US$7.4 billion). • The deal values the large-language model developer at more than US$50 billion, establishing it as China's most valuable AI startup. • This massive capital injection underscores the intense competition in the AI sector and DeepSeek's strategic position as a national champion.

• U.S. stock markets are approaching new record highs, driven primarily by the continued growth and momentum of the artificial intelligence boom. • Global markets mirrored this optimism, with indexes rising across Asia and Europe, including a significant 2.5% jump in Hong Kong’s Hang Seng index. • This trend underscores the dominant influence of AI-related stocks in propelling broader market valuations upward.

• Asia-Pacific stock markets mostly declined on Tuesday as investors reacted to renewed uncertainty surrounding peace negotiations between the U.S. and Iran. • Significant losses were seen in Japan, where the Nikkei 225 dropped 1.32% and the Topix fell 1.14%, while South Korea's Kospi plummeted 1.92% and the Kosdaq sank 3.13%. • Australia's S&P/ASX 200 also retreated by 0.71%, though Hong Kong's Hang Seng and mainland China's CSI 300 managed marginal gains of 0.13% and 0.1%, respectively.

• On May 25, 2026, India's startup ecosystem saw significant growth across diverse sectors, highlighted by Yes Madam securing Rs 50 crore in new funding. • Key expansions include the entry of Voy into the Indian market, Graamya's rural spice initiatives in Kerala, and the launch of a Quantum AI lab in Mysuru. • The day also marked advancements in deep-tech and the creator economy, alongside the introduction of new maritime research projects at IIT Madras.

Powerful radar system is providing new data on city’s subsidence, which experts hope will draw more attention to itWalking into Mexico City’s sprawling central Zócalo is a dizzying experience. At one end of the plaza, the capital’s cathedral, with its soaring spires, slumps in one direction. An attached church, known as the Metropolitan Sanctuary, tilts in the other. The nearby National Palace also seems off-kilter.The teetering of many of the capital’s historic buildings is the most visible sign of a phenomenon that has been ongoing for more than a century: Mexico City is sinking at an alarming rate. Continue reading...

• Researchers at UCL and UCLH conducted a trial where patients with stage 2 or 3 colorectal cancer received just nine weeks of pembrolizumab immunotherapy before surgery, challenging the standard approach of surgery followed by months of chemotherapy. • Early results showed 59% of patients had no detectable cancer after completing immunotherapy and undergoing surgery, and after 33 months of follow-up, none of the patients have experienced a relapse. • This outcome represents a significant shift in colorectal cancer treatment protocols, suggesting that short bursts of targeted immunotherapy prior to surgery may deliver more durable results than conventional post-operative chemotherapy regimens.

Beijing seeks to decipher effect of Iran war on US midterms and best way to apply pressure when Trump meets XiThe White House said on Wednesday that China had agreed to postpone Donald Trump’s visit to Beijing, as war in the Middle East rages on, complicating the US president’s position at home and abroad.China has not yet commented on the delay to the highly anticipated trip, in which Trump and the Chinese president, Xi Jinping, will meet in person for the first time since October. Trump previously said he hoped to delay the trip, originally scheduled to run from 31 March to 2 April, for “five or six weeks”. Continue reading...

Head of world’s energy watchdog says it will take time for markets to recover from ongoing crisis in strait of HormuzThe world’s energy watchdog will consider releasing further emergency crude stocks into the global market to cool rising oil prices after warning that it will take time for markets to recover from the ongoing crisis in the strait of Hormuz.Fatih Birol, the head of the International Energy Agency, said its members continued to hold large reserves of emergency oil stocks even after agreeing to the biggest release of government crude in the history of the market, meaning more emergency oil reserves could still be released “as and if needed”. Continue reading...