TechFlow news — Baichuan Intelligent, a Chinese large AI model company, has recently completed its Series A financing round totaling 5 billion RMB and is preparing to launch its Series B round at a valuation of 20 billion RMB. The Series A investors include leading companies such as Alibaba, Xiaomi, and Tencent, as well as state-backed institutions like the Beijing Artificial Intelligence Industry Investment Fund. With an additional 2.5 billion RMB raised last year, Baichuan Intelligent has now raised a total of 7.5 billion RMB, setting a new record for the highest total funding in China's large AI model sector.
Following this round of financing, Baichuan Intelligent has joined the "first tier" with a valuation of 20 billion RMB, standing alongside other top firms such as MiniMax, Moonshot AI, and Zhipu AI.
