Alibaba and Tencent participate in $300M raise by Chinese AI startup
Mirroring a wave of increased venture activity into AI startups across Silicon Valley and Europe, China's leading tech firms and venture capital firms are also pouring billions into the development of AI services.
One such example is Baichuan, an AI startup that recently secured over $300 million in funding from Chinese tech giants, including Alibaba Group and Tencent.
