Sand.ai, a company specializing in video generation models, has raised $200 million in Series A+ funding, bringing its total funding to $300 million in the past 10 months. The round was co-led by Cornerstone Capital and Wangsu Science & Technology, with participation from Times Capital, Panlin Capital, and Dongzheng Capital. Tianchuang Capital, along with Shandong Railway Investment Group and Shandong Railway Fund, participated strategically. Pudong Venture Capital and Shanghai Guofang also joined, while existing shareholders Matrix Partners China, Huaye Tiancheng, and CAS Star continued to invest. (Source: Sina Technology) The funds will be used for R&D of video generation models, construction of training and inference infrastructure, product iteration, and global market expansion. The company's next-generation MoE architecture video generation model, MAGI-2, will be officially released soon. Sand.ai previously released and open-sourced MAGI-2 Preview, which has approximately 114 bytes of parameters, with about 6 bytes of parameters activated in a single forward computation. The inference cost for generating a 10-second 1080p video after distillation is 0.5 yuan. The company's video generation product, VidMuse, has already surpassed $10 million in ARR within two months of its launch.

MetaMask disclosed on November 5 that some of its infrastructure was accessed without authorization on September 28. The attackers transferred approximately 0.385 ETH staking rewards by modifying the reward receiving address of Ethereum validators. The issue was resolved on the same day, and all affected Ethereum validators have completed their exit. The incident resulted in withdrawal delays and staking reward losses for some customers, but there is no evidence that user wallets, private keys, or customer staking principal were compromised.

[Newly Elected Governors in Several US States Plan to Halt Data Center Construction, Affecting Approximately 40% of Planned Capacity] The newly elected governors of Ohio, Georgia, Michigan, New Mexico, and Texas have pledged to halt or postpone data center construction statewide, while the newly elected governors of New York and Oregon have pledged to extend existing halts. Candidates supporting a halt to construction are currently leading in Alaska and Kansas. Cleanview data shows that approximately 40% of planned data center capacity in the US is scheduled to be built in these states. Furthermore, 46 local referendum measures have already passed or are expected to pass, with at least 17 of them directly prohibiting the construction of large data centers. (Source: Jinshi Data)

Investors are skeptical that Anthropic can achieve its $1.5 trillion IPO valuation, influenced by the sell-off in the artificial intelligence market. (Source: Wall Street Journal)

Anyone trying to move vulnerable bitcoin would have to put up matching collateral, giving prepared owners a chance to take both.