China now has its own AI circular financing scheme

Unitree Robotics rose 460 percent in its Shanghai IPO, hitting a valuation of around $50 billion. But an FT report shows much of the demand for its robots comes from state-backed training centers that buy the machines and sell the resulting data back to the manufacturers, a circular business model that echoes the Nvidia criticism in the US.

Raccontata daglobaltimes.cncaixinglobal.comtheverge.comthe-decoder.comkr-asia.comcryptobriefing.com