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Beijing-based AI startup Baichuan raised about $687M at a $2.8B valuation from investors, including Beijing, Shanghai, and Shenzhen governments, and Alibaba (Bloomberg) https://t.co/SzhnifCCcC 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/Slq2oC37ik
Fei-Fei Li's World Labs, valued at over $1 billion, aims to develop #AI with human-like visual reasoning, potentially transforming industries like robotics and VR.🌐🤖 #AIInvestment #AINews #SwissCognitive https://t.co/9kgwnqD9RY
Chinese AI Startup Baichuan Bags USD690.1 Million in Series A Fundraiser https://t.co/SP3zRljtVZ
Chinese AI startup Baichuan has completed a Series A financing round, raising CNY5 billion (USD690 million) and achieving a valuation of CNY20 billion (USD2.8 billion). Major investors in this round include Alibaba, Xiaomi, Tencent, and state-owned industry investment funds from Beijing, Shanghai, and Shenzhen.