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Editor’s Note: There is no shortage of technology news, yet many promising Chinese startups still remain largely unknown to global audiences. At the same time, the constant flow of funding news, product launches, and new technologies makes it harder to see which companies truly deserve attention.
Butterfly Effect, the parent company of Chinese AI agent Manus, recently completed a new funding round of more than $500 million, the company announced on October 8. Boyu Capital and IDG Capital led the round. Existing investors Tencent, HSG and ZhenFund also participated in the financing.
ByteDance’s AI assistant Doubao is reportedly accelerating work on a new personal AI agent. According to sources, the project began internal testing as early as April and was previously known internally as Spell.
If the keyword for AI infrastructure over the past few years was simply more compute, the large-scale deployment of Agentic AI is forcing the industry to confront a more practical question: How efficiently can all that compute actually be used?
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