Media
Leonis in the News
Read more about what we’re up to in the top media channels.
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boardiq.com
March 24, 2026
Stuck Seats: 2025’s Slow Boardroom Refresh
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business.nikkei.com
February 24, 2026
The turning point for SaaS: Impact across 4 sectors, as predicted 3 years ago by a former OpenAI investor.
Japan's Nikkei Business interviews Jay Zhao and Jenny Xiao on the structural forces behind the SaaSapocalypse.
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forbes.com
January 1, 2025
Jenny Xiao — Forbes 30 Under 30
Forbes profiles Leonis Capital Partner Jenny Xiao on her path from OpenAI researcher to venture capitalist, and her distinctive approach to AI investing.
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cnbc.com
April 15, 2025
Still ‘pretty optimistic’ about AI open source collaboration
Leonis Capital shares its measured optimism on AI progress and open-source collaboration.
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cnbc.com
August 29, 2025
AI sector at this stage is like a ‘house of cards’ stacked with profitability issues: Leonis Capital
Jay Zhao on why the current AI sector shows signs of structural fragility — and what that means for investors.
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businessinsider.com
January 29, 2026
The questions Leonis Capital investors ask to see if a startup's tech actually holds up
Leonis Capital's Jenny Xiao and Jay Zhao share the five questions they ask AI startup founders to assess technical defensibility.
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cnbc.com
February 6, 2026
Are we in a 'SaaSapocalypse'? Tech VC explains AI's disruption of software
Jay Zhao weighs in on the tech rout led by a selloff in software stocks.
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youtube.com
January 19, 2026
Former OpenAI Researcher Answers All Questions: OpenAI, jobs that will never disappear, AI bubble, Japan's chances in the US-China AI competition
Leonis Capital's Jenny Xiao interviewed by Business Insider Japan.
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youtube.com
OpenAI Researcher turned VC on what we’re missing on the AI bubble
Jenny Xiao appears on Fortune's first AI podcast episode.
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businessinsider.com
January 17, 2026
An OpenAI researcher turned venture capitalist says investors are 3 to 5 years behind the latest AI studies
And how Leonis is set out to bridge this gap.
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fortune.com
December 10, 2025
Leonis Joins 5 VCs to Sound Off on the AI Question at Fortune Brainstorm AI
Leonis Capital's Jenny Xiao participates in Fortune's emerging manager panel.
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businessinsider.com
November 5, 2025
Leonis AI 100: PhDs are the New MBAs for Founders in the AI Era
AI startups are now led by younger, more technical founders—often PhDs—marking a shift from MBA-style builders to research-driven innovators backed early by top VCs.
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finance.yahoo.com
September 16, 2025
Leonis Capital Closes $25M Fund II to Back AI Builders
Backing early-stage AI builders, supported by AI leaders and institutions, after Fund I ranked top 1%.
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bloomberg.com
August 12, 2025
Ex-OpenAI Researcher Raises Fund to Back Emerging Talent
Leonis Capital has secured $25 million for a new fund to help uncover the next OpenAI.
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fortune.com
January 28, 2025
The Lessons and Laments of DeepSeek, According to VCs
Fortune interviews Leonis Partner Jenny Xiao on the lessons from DeepSeek's success.
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cnbc.com
January 27, 2025
More Complex, Power-Consuming AI Models Will Still ‘Coexist’ with Other Models
CNBC interviews Leonis Partner Jay Zhao on the evolution of the AI model space.
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fortune.com
June 3, 2024
Leonis Partner Jenny Xiao to Speak at Fortune Brainstorm Tech 2024
Fortune magazine's top tech conference bringing together the world's top business leaders, policymakers, and experts.
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genaisummit.ai
March 30, 2024
Leonis Partners Jay Zhao and Jenny Xiao to Speak at the GenAl Summit
Pitching Your Startup: The Brutal Truth About What VCs Want in Al-First Companies
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nature.com
May 3, 2024
Nature Interviews Leonis Capital on the Future of GenAl Chips
Our views on the global race for cutting-edge GPUs.
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cnbc.com
March 31, 2024
CNBC Interviews Leonis Partner Jenny Xiao on the Global LLM Race
Whether China can catch up with its own OpenAl.
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nytimes.com
February 21, 2024
NYT Interviews Leonis Capital on the End Uses of Open-Source LLMs
How open-source LLMs from the West are fueling China's Al development.
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wsj.com
June 10, 2023
WSJ Interviews Leonis Partner Jenny Xiao on Interview Collaboration over Al Safety
Why the U.S.and China should work together on Al safety.
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cnbcmediahub.com
June 6, 2023
CNBC Interviews Leonis Partner Jay Zhao on the State of Al
Our take on what's happening in Silicon Valley.
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legrandcontinent.eu
June 9, 2023
Le Grand Continent Publishes Leonis' Views on Europe's Generative AI (in French)
What Europe should do in the global AI competition.
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foreignaffairs.com
June 2, 2023
Leonis Partner Jenny Xiao Co-Authors Opinion Piece with OpenAI Board Member
Why the U.S. should not use China as an excuse to push back against AI governance.
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governance.ai
April 28, 2023
Leonis Technical Survey on LLMs Published by GovAI
We looked at 26 LLMs developed in China.
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