Market Chatter: Alibaba Cloud Leads 2 Billion Yuan Funding Round for Chinese AI Startup Shengshu

MT Newswires Live04-10 16:21

Chinese artificial intelligence startup Shengshu Technology obtained 2 billion yuan from a funding round led by Alibaba's (HKG:9988) cloud unit, according to multiple media reports.

The funding will help the startup support the development of its "general world model" that will simulate human perception and interaction, Reuters reported Friday.

Shengshu did not say when its model would be commercially available.

Baidu Ventures and Luminous Ventures also backed the funding round, Bloomberg reported separately.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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