Beijing-based generative AI startup AIsphere has raised funding, indicating its ambition to rival OpenAI’s Sora. AIsphere, a Chinese text-to-video startup, aims to catch up with Sora within three to six months and has completed a new funding round amidst interest in generative artificial intelligence and large language models in the country. AIsphere has raised over […]

Moonshot AI, a Chinese AI startup, has clinched a staggering sum of over $1 billion in its Series B funding round for the development of large language models (LLMs). The financial injection, led by e-commerce titan Alibaba and venture capital HongShan, drives Moonshot AI’s valuation to an impressive $2.5 billion.  HongShan, the Chinese counterpart of […]

Baichuan, a Chinese AI startup, has successfully secured $300 million in financing, with Alibaba Group Holding Ltd., Tencent Holdings Ltd., and Xiaomi Corp. leading the investment.  This funding round is said to be a prominent investment in the Chinese AI industry, as startups like Baichuan plan to capitalize on the growing demand for ChatGPT-like services. […]

CapitaLand Investment Limited (CLI) has recently announced its decision to establish a China data centre development fund, CapitaLand China Data Centre Partners (CDCP), with an initial investment of $1 billion. The total equity committed to CDCP amounts to $530 million. Existing and new global institutional investor clients hold 80% effective stake in CDCP with CLI […]

Chinese artificial intelligence-based startup that specializes in intelligence text recognition and processing services has secured US$92 million (580 million yuan) in its Series C funding round. The funding round was joined by a portfolio of investors including China Merchant Securities, CITIC Securities, Legend Star, GF Securities, Xiang He Capital, Sunshine Insurance, technology-focused Advantech Capital and […]

Jingle Magic is an education tech startup based in China, Beijing. Established in the year 2016, the company is mainly involved in the development of Augmented Reality (AR), Virtual Reality (VR), and Artificial Intelligence (AI)-based educational equipment and software. Jingle Magic is recognized as one of the biggest AR/VR/AI and 3D Internet education platform provider […]

AI-based applications have made their way into the healthcare space across the globe. The developments in this technology for healthcare aims to assist the professionals in that field with aspects of their roles that includes remote caregiving, assistive diagnostics, and improving a patient’s ability to manage and track their health parameters by using data from […]