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)

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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