Sources: Alibaba is set to lead a $300M round in AI model testing startup UniPat AI at a $2.5B valuation; UniPat founder Li Kuan worked at Alibaba's Tongyi Lab (Bloomberg)

Alibaba leads a $300 million financing round for UniPat AI, valuing the startup at $2.5 billion; its founder Li Kuan previously worked at Alibaba’s Tongyi Lab. Apple unveiled the iPhone Duo, a foldable phone with 5.4-inch outer and 7.6-inch inner screens, an A20 Pro processor, a new display engine, and Touch ID. Anthropic researcher Jacob Coxon resigned two months before his equity vested, citing safety concerns over rapid AI development.