HONG KONG/BEIJING : Chinese artificial intelligence (AI) startup Baichuan said on Tuesday it has raised $300 million from investors including Chinese tech giants Alibaba and Tencent. The company on its WeChat account said the round followed an early $50 million angel round.
HONG KONG/BEIJING : Chinese artificial intelligence startup Baichuan said on Tuesday it has raised $300 million from investors including Chinese tech giants Alibaba and Tencent.
China's craze over generative AI has triggered a flurry of product and fundraising announcements from startups and tech giants, as the industry races to find a homegrown rival to OpenAI's ChatGPT. Investors have warned, however, that a shakeout is imminent as cost and profit pressures grow.
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