Indicators
Open-weights gap to the closed frontier (ECI points)
unclearEvaluator reads stable since 2026-10-31; reason pending
10.2 indexas of 2026-10-17
Venture flow
Epoch's compiled rounds
Primary-round equity per calendar quarter: Form D amount sold where the entity files, Epoch's press-compiled rounds where the entity has no filing in the same quarter or within 45 days. Amendments replace their originals; SPVs and secondaries are excluded; Form D debt is listed in the table, not drawn.
Derived (venture_dollars_by_source) from: Epoch AI data hub — AI companies. Epoch AI, 'Data on AI Companies' (CC BY 4.0), epoch.ai/data.
Entities · 8
| Entity | Role | Since | Verified | Latest observation |
|---|---|---|---|---|
| 01.AI Market map: neolabs_fyi, read 28 Sep 2026; neolabs.fyi research area: Applied — Open weights | primary | — | ○ not yet | none |
| Alibaba Qwen | primary | — | ○ not yet | none |
| Baichuan Market map: neolabs_fyi, read 28 Sep 2026; neolabs.fyi research area: Applied — Agents | primary | — | ○ not yet | valuation ~$2.9B per neolabs.fyi · post_money_usd.pt · 2026-09-28 |
| DeepSeek Market map: neolabs_fyi, read 28 Sep 2026; neolabs.fyi research area: General-purpose models — Math, Open source, Open weights | primary | — | ● yes | $90.0B · post_money_usd.pt · 2026-10-22 |
| MiniMax | primary | — | ● yes | $800M · revenue_run_rate_usd.pt · 2026-08-26 |
| Moonshot AI | primary | — | ● yes | $1.0B · revenue_run_rate_usd.pt · 2026-08-31 |
| StepFun Market map: neolabs_fyi, read 28 Sep 2026; neolabs.fyi research area: General-purpose models — Multimodal, Open weights | primary | — | ○ not yet | valuation ~$10B per neolabs.fyi · post_money_usd.pt · 2026-09-28 |
| Zhipu AI | primary | — | ● yes | $1.6B · revenue_run_rate_usd.pt · 2026-08-31 |
Seed lists come from the capture brief and are verified against filings one by one. A name here is not a claim about size or funding until an observation attaches.