Alibaba-Backed AI Startup Valued at $2.8 Billion After New Round

Bloomberg07-25

(Bloomberg) -- Chinese AI startup Baichuan is valued at 20 billion yuan ($2.8 billion) after its latest fundraising round as Beijing seeks to boost the Asian nation’s capabilities in emerging ...

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The FedNeeds to Cut Rates Now.Stocks Tumble as Wall Street Gets AI Wake-Up Call: Markets Wrap. $1 Trillion Rout Hits Nasdaq 100 Over AI Jitters in Worst Day Since 2022. What Initial Polling Data Show About the Trump-Harris Matchup. Baichuan raised 5 billion yuan in the most recent round with financing from Beijing, Shanghai and Shenzhen governments, the company said in a statement on Thursday. 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The Fed Needs to Cut Rates Now.\nStocks Tumble as Wall Street Gets AI Wake-Up Call: Markets Wrap\n$1 Trillion Rout Hits Nasdaq 100 Over AI Jitters in Worst Day Since 2022\nWhat Initial Polling Data Show About the Trump-Harris Matchup\n\nBaichuan raised 5 billion yuan in the most recent round with financing from Beijing, Shanghai and Shenzhen governments, the company said in a statement on Thursday. 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