Startups
Milan's Bending Spoons Rises 40% in IPO, Proving the Turnaround Model Still Works
By Mei-Lin Tan · 4 min
A decade after the first autonomous vehicle wave, the same talent and capital patterns are reappearing in logistics automation, with founders who weathered the initial cycle now building for cargo movement.
| # | Model | Reason | Code | $/M |
|---|---|---|---|---|
| 1 | GPT-5.1 OpenAI | 92 | 88 | 9.0 |
| 2 | Claude Sonnet 4.5 Anthropic | 91 | 90 | 8.4 |
| 3 | Gemini 2.5 Pro Google | 88 | 84 | 6.5 |
| 4 | ERNIE-X 350B Baidu | 84 | 80 | 2.1 |
We pulled filings, planning permits, and grid-connection requests from seven jurisdictions. Here is what the spreadsheet actually says.