DeepSeek's $15B Round, Moonshot's Kimi K3.1 Pro Launch, and China's AI Jobs Policy

DeepSeek reportedly raised about RMB100 billion at a RMB500 billion pre-money valuation, with Tencent and CATL among the largest backers. Moonshot AI launched Kimi K3.1 Pro with a one-million-token context window and a Highspeed version it says runs two to three times faster, scoring 65.7% on Terminal-Bench 4.0. China's State Council issued guidance with 18 tasks across six areas to pair AI-driven job creation with measures for managing displacement.