Weak $\infty$-categories via terminal coalgebras
  Higher categorical structures are often defined by induction on dimension, which a priori produces only finite-dimensional structures. In this paper we show how to extend such definitions to infinite dimensions using the theory of terminal coalgebras, and we apply this method to Trimble's notion of weak n-category. Trimble's definition makes explicit the relationship between n-categories and topological spaces; our extended theory produces a definition of Trimble infinity-category and a fundamental infinity-groupoid construction.   Furthermore, terminal coalgebras are often constructed as limits of a certain type. We prove that the theory of Batanin-Leinster weak infinity-categories arises as just such a limit, justifying our approach to Trimble infinity-categories. In fact we work at the level of monads for infinity-categories, rather than infinity-categories themselves; this requires more sophisticated technology but also provides a more complete theory of the structures in question. 
Eugenia Cheng and Tom Leinster
math.CT