Chinese generative AI startup Baichuan, one of the first to win approval to release its LLMs, raised $300M from Alibaba, Tencent, Xiaomi, and others (Jane Zhang/Bloomberg)

October 17, 2023

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Jane Zhang / Bloomberg:

Chinese generative AI startup Baichuan, one of the first to win approval to release its LLMs, raised $300M from Alibaba, Tencent, Xiaomi, and others — – Phone maker Xiaomi also participated in a $300 million round — Chinese AI investment is surging as tech firms join race

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