The investment adds to a wave of Chinese tech funding for world-model developers as Alibaba, Tencent and Baidu race to catch up with ByteDance in multimodal AI
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Alibaba Group Holding Ltd. has led a new funding round for artificial intelligence startup AIsphere, bringing the company’s Series C financing to 2.98 billion yuan ($439 million), as China’s tech giants step up investments in video-generation technology.
AIsphere’s PixVerse has over 100 million users globally, more than double the number it had at the start of the year.
SiliconFlow raises $294 million as China’s AI inference demand surges, Alibaba unveils Qwen-Robot AI models
Foundation model startups, memory-chip makers and established internet giants are accelerating fundraising and IPO plans
The fundraisings of Astribot, Spirit AI and XYZ Embodied AI exemplify the boom in the industry, whose leaders are moving toward…
The Beijing-based embodied-AI startup says another nearly $200 million pre-Series A round is close to completion, as investors…
Chinese tech giant Kuaishou's AI video unit, Kling AI, has secured over 19 billion yuan ($2.80 billion) in funding from investors…
