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Tencent Pours $20 Million into AI Lab Established by Alibaba’s Ex-Star Researcher Junyang Lin
6 day ago /
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Author：小编
Tencent Holdings has secured a stake in an artificial intelligence lab founded by Junyang Lin, the former lead researcher behind Alibaba’s Tongyi large-scale model. The lab’s initial funding round has successfully raised hundreds of millions of dollars, achieving a post-investment valuation of around $2 billion. Among the investors, Tencent invested $20 million, while GaoRong Capital and Sequoia China each took the lead in this round with investments of $100 million. At present, the closing of this financing round has been finalized, and Junyang Lin's team has commenced preparations for the upcoming fundraising round.
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