QuantumBit: Capital is withdrawing from world models as funding shifts to a small number of teams

After interviewing several frontline investors and heads of investment and financing at world model companies, QuantumBit found that financing in the world model sector cooled markedly in the second half of the year, with only a handful of projects that top funds are willing to back, and the window for raising money on concepts has narrowed. Data from Cailian Press's Chuangtoutong shows that in October there were only 5 primary-market financing events related to physical AI and world models, a marked decrease from before. Capital is concentrating in teams with existing research track records, such as Inverse Matrix, Wuyuan Technology, Ziran Yizhi, LiberAI and Ant Lingbo, and announcements lagging behind actual deals has also created the illusion that the market is still hot.