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Baichuan Intelligence Completes 5 Billion Yuan Series A Financing, Becomes the Third Large Model Unicorn in China with a Valuation of 20 Billion Yuan

On July 25, market news said that the big model startup Baichuan Intelligence has recently completed the A round of financing, the total amount of financing amounted to 5 billion yuan, and will open the B round of financing at a valuation of 20 billion yuan. The investors in the A round include Ali, Xiaomi, Tencent, Asia Investment Capital, CICC and other head manufacturers and market-oriented...

28 in total! Taking stock of AI companies that raised $100 million or more in the first half of 2024

Recent data from Crunchbase shows that more than $35.5 billion will flow into AI startups globally in the first half of 2024 alone. Of the six venture capital rounds of over $1 billion raised in the first half of 2024, five of them were raised by AI companies, with other AI startups...

Fireworks AI Raises $52 Million in Funding Valued at $552 Million

Redwood City-based GenAI inference platform provider Fireworks AI has closed a $52 million Series B funding round. According to the company, with this round, it raised a total of $77 million, valuing the company at $5.52 ...

Gen-3 Alpha officially released, 10 amazing scenes to see!

Runway has released its latest model, Gen-3 Alpha, a breakthrough text-to-video AI model that sets a new benchmark for video creation. The advanced model allows users to generate 10-second-long videos using only text prompts, still images, or prerecorded...

AI macromodeling: open source or closed source?

In the vast world of Artificial Intelligence (AI), large models play a pivotal role. These large and complex models have shown amazing intelligence and potential through deep learning and massive data training. However, the development path of big models is not a single one, and open source and closed source have become two major trends...

Google's strongest open source model, Gemma 2, is released!

Google has released Gemma 2, the second version of its open weighting model, which includes three models with 2 billion, 9 billion, and 27 billion parameters. Currently, only the 9 and 27 billion parameter models are available. These models have been tested in various benchmarks...

Focusing on "AI+Drug Delivery", DynaTech Pharmaceuticals Closes $100 Million Series C Funding Round

METiS Pharmaceuticals, an innovative biotech company specializing in "AI+drug delivery", announced the completion of its US$100 million Series C financing round, led by CICC Capital's fund and followed by China Taiping's Taiping Hong Kong Insurance Science and Technology Fund. Together with this...

Pangu Big Model 5.0 Released, Upgrading Multimodal Capabilities to Break Industry Challenges

June 21 in Dongguan, Guangdong Province, Huawei Developer Conference 2024, Huawei Technologies Co., Ltd. managing director, Huawei Cloud CEO Zhang Pingan released in the full range, multi-modal, strong thinking in the three aspects of the new upgrade of the Pangu big model 5.0. Zhang Pingan said Pangu 5.0 launched to adapt to the different industries...

Science: Big Model Filing

In recent years, China has successively issued relevant regulatory documents on the management of algorithmic recommendation and deep synthesis, as well as the management of generative artificial intelligence services, initially building up a regulatory mechanism for artificial intelligence technologies and services in specific fields. Specifically in the field of generative AI services, the "Generative AI Service Management...