Krypton Evening News｜SpaceX postpones the 13th test flight of "Starship" to July 23; Elon Musk says Tesla FSD will mimic driving styles; China's humanoid robot complete machine products account for over half of the global total
Big Companies:
Morgan Stanley Becomes Top Bank on Wall Street for AI Debt Trading
Morgan Stanley has emerged as a dominant force behind the financing architecture underpinning the artificial intelligence (AI) boom on Wall Street, designing new debt and equity financing models that channel hundreds of billions of dollars into large-scale data center construction. According to industry executives, the bank has become a leading advisor since last year, spearheading the largest and most innovative AI infrastructure financing transactions.
It is reported that Samsung Electronics Foundry is evaluating expanding the initial production scale of its Taylor plant in the U.S. to twice the original plan.
Musk Says Tesla FSD Will Mimic Driving Styles
On July 20, Elon Musk confirmed that Tesla's FSD (Full Self-Driving) software is transitioning from the previous "one-size-fits-all" driving system to a truly personalized driving system. Recently, a Tesla FSD user complained on the X platform that the vehicle often exits the high-occupancy lane or fast lane at positions where it should not leave, voluntarily leaving the leftmost efficient lane to enter congested traffic while vehicles on the adjacent far-left lane remain unobstructed, which is extremely frustrating. In response, Musk stated: "The vehicle will start remembering your specific manual intervention behaviors and adjust according to each individual's personal preferences."
Moon's Dark Side Kimi Team: Computing Power Is Tight, Membership Sign-ups Are Paused
36Kr learned that on July 19, Moon's Dark Side Kimi released a statement regarding tight computing power and paused new membership sign-ups. Over the past 48 hours, user requests have far exceeded estimates and are approaching the carrying limit of the existing cluster. To ensure the experience of existing subscribed users, the Kimi team has decided to suspend new C-end user subscriptions starting immediately, devoting all available computing power to serving existing subscribers and ensuring that all their rights and interests remain unaffected. Meanwhile, the team is ramping up computing power expansion at full speed. As new computing resources come online sequentially, more subscription slots will be gradually opened until normal subscriptions are fully restored. For future new subscribers, the Kimi team will split Kimi's core rights (including Kimi Web, Kimi APP, Kimi Work) and Kimi Code rights to more precisely match computing resources and guarantee user experience.
SpaceX Delays the 13th Starship Test Flight to July 23
Learned on local time July 19, the U.S. space exploration technology company SpaceX stated that it plans to make another attempt to launch the Starship rocket on July 23. On the 16th, the originally scheduled 13th Starship test flight that day was automatically aborted during the ignition phase because some engines failed to start. This was supposed to be the first launch mission of SpaceX after its listing in June this year. After the test flight was canceled, SpaceX's market value once evaporated by about 100 billion U.S. dollars.
New Products:
The First Mass-Produced Unit of Yijing X9 Rolls Off the Production Line in Chengdu
36Kr learned that on July 20, the first mass-produced vehicle of Yijing X9 rolled off the production line in Chengdu, and is about to enter the market launch and delivery phase. As the first strategic model of Yijing Automobile, the Yijing X9 is positioned as a "new-generation family flagship". According to the introduction, the Yijing X9 will be among the first vehicles equipped with the HarmonySpace 6 cockpit, featuring the world's first Huawei dual 17.2-inch butterfly wing dual screens, fitted with HUAWEI XSCENE in-vehicle laser projection, and paired with new-generation technologies such as the Xiaoyi intelligent agent and the in-cabin AI multimodal perception system AMS.
Investment and Financing:
"Soloco" Completes Tens of Millions of RMB in Seed Round Financing
Recently, the AI-native organization operating system "Soloco" has completed tens of millions of RMB in seed round financing. This round of financing was led by Atomic Venture Capital, and the funds will mainly be used for talent recruitment and core product R&D. It is understood that the company's core team comes from institutions and enterprises such as NASA, Huawei, ByteDance, as well as universities including Columbia University, the University of Hong Kong, the University of Oxford, and Tsinghua University, covering fields such as graph theory, multi-agent orchestration, and AI infrastructure. The product will first enter the localized zero-person company operation scenario.
Today's Viewpoints:
CITIC Securities: Kimi K3 Model Reaches Global Tier1, Domestic Models Recreate the DeepSeek Moment
36Kr learned that a research report from CITIC Securities points out that the firm remains firmly optimistic about the AI industry trend. We believe that K3 is a watershed event in the global large model industry this week and another DeepSeek moment: the release of K3 marks the first time a Chinese large model has entered the global large model narrative as a "competitive threat" — with 2.8 trillion parameters, 1 million context windows, and top ranking in Code Arena, it proves that domestic models are already competing head-on with cutting-edge U.S. models in the main battlefield of Agentic Coding. Other key opportunities in the application layer are recommended for attention: 1) K3 has improved the intelligence level of open-source models, and the threshold and cost for using Tier1 models in the application layer are expected to decrease, which is conducive to the further expansion of subsequent application scenarios; 2) Competition among leading and second-tier model manufacturers is fierce, with competitive dimensions extending from model capabilities to pricing, product strength, scenario expansion, and cost optimization, which we believe benefits the application layer.
Other Notable News:
On July 20, the State Council Information Office held a press conference to introduce the industrial and information technology development situation in the first half of 2026. Tao Qing, Spokesperson of the Ministry of Industry and Information Technology and Director-General of the Operation Monitoring and Coordination Bureau, stated that software is the soul of the new generation of information technology, an important foundation for the development of the digital economy, and a key support for the construction of a manufacturing power, a cyber power, and a digital China. In the next step, we will follow the national software development strategic deployment, continuously enhance the supply capacity of key software products and services, accelerate the introduction of the AI + Software Action Plan, promote the intelligent transformation of software development, the intelligent upgrading of software products and services, and the cultivation of new intelligent agent software business forms. We will continuously improve the capabilities of open-source infrastructure in areas such as project incubation, supply chain security governance, emerging scenario exploration, and overseas market deployment, and accelerate the growth of national-level AI open-source communities into innovation sources for emerging technologies and important scenarios for the implementation of software and hardware products.
China's Humanoid Robot Complete Machine Products Exceed Half of the Global Total
Data released by the Ministry of Industry and Information Technology on July 20 shows that in the first half of the year, a number of industries with international competitive advantages in China have accelerated their growth. In the field of intelligent robots, China's domestically developed quadruped robots account for nearly 70% of global sales, and there are more than 400 humanoid robot complete machine products in China, exceeding half of the global total. In fields such as artificial intelligence, semiconductors, new energy, and biomedicine, a number of global unicorn enterprises have emerged, actively contributing Chinese solutions to international standard formulation and industrial governance.