The past year has marked a turning point for Chinese AI. Since DeepSeek released its R1 reasoning model in January 2025, Chinese companies have repeatedly delivered AI models that match the performance of leading Western models at a fraction of the cost. Just last week the Chinese firm Moonshot AI released its latest open-weight model,…
CEO Evan Spiegel just announced the company is restructuring around small “startup squads” of 10 to 15 people to regain agility against larger competitors.
Bootstrapping wasn’t our original plan — but turning down venture capital taught us how to build a profitable, mission-driven company with total ownership and zero regrets.