"Ali baby" leads to financing a Chinese artificial intelligence business worth $ 2.5 billion

The group “Ali Baba Group Holding” has led the biggest financing round for an emerging Chinese company in the field of artificial intelligence, the latest tour of a series of major investments to suggest that the E trading business is working again to employ capital because it wants to grow. The group “Ali baby” joins the “Tennin Holdings” business and its peers in the Silicon Valley, such as “Microsoft” in the big bet on obstetrician artificial intelligence, which is the technology in which the “Chat GBT” application works. The group led a $ 1 billion financing tour at the Monthot AI with the Monology Management, which currently supports, increasing the value of the company that does not exceed the age of eight times to about $ 2.5 billion, according to the statements of people familiar with the agreement. The two supportive companies have joined other companies that have supported ‘Monchot Ai’ in the past, including the investment arm of the giant of the delivery of meals ‘Meituan’ and the daring investment business ‘Hongshan’, formerly known as ‘Sequoia China’, according to these people who asked not to find their identity in the discussion of an unpleasant agreement. Chinese “Ali baby” increases artificial intelligence to its top priority, the ambition of “moncheot ai”. The company “Moncheot AI” was founded in March 2023, and it is one of the most famous startups known for the development of obstetrician artificial intelligence in China. The company launched a ‘Kimi’ chat for the public last November and has since launched a platform for developers to make artificial intelligence applications that depend on its own model. Its value was only $ 300 million when she received preliminary financing. Monchot AI refused to comment on the details of the company’s financing collection, previously published by local media, including the 36KR platform (36kr). The company “Monolith Management” confirmed its participation in the recent financing round without providing details. The representatives of the “Ali Baba” group did not respond to the requests for comment. A major shift in “Ali Baba”, the head of the new “Ali Baba” group, Joseph Tsay and Edi Wu, promises to make a major shift in the company that takes place under two years of pressure on the investigation of the regulatory authorities and the economic crisis. The group is printing new investments in the techniques to change the rules of play such as artificial intelligence technology, while the complex and multiple directional division process will lead to the forefront of its activities, from cloud computer science to logistics services. Tsai says that the group’s cloud computing unit now offers half of the artificial intelligence companies in China and serves about 80% of technology companies in the country. “Ali Baby” changes the management of the Cloud Services unit to the cancellation of the separation, but the group storms a field of activity in which competition rages, as daring capital companies and other leading businesses in the technological sector apply in billions of rands in training and developmental services for artificial intelligence pump, a reflection of a wave of activity in different parts of the Silicon Valley and Europe. Other Chinese startups in the field of artificial intelligence include the “Baichuan” and “Zhipu” businesses, which raise big money from investors. US sanctions This happens despite the concerns of US sanctions, which prevents Chinese companies from buying the most powerful “invitations” business used to train and operate artificial intelligence models. Washington targeted China’s efforts in artificial intelligence because of the geopolitical and military applications of this technology, which were already tense relations between the two countries. What is the Invidia H100 chip that jumped with artificial intelligence shares? The group “Ali Baba” previously joined a financing tour of more than $ 300 million for the company “Gibo” in 2023 with its antique competitor, “Tennant”. The group is trying to revive cloud computing activity and integrate artificial intelligence and its internal model “Tongyi Qianwen” into an expansive business that also extends to the field of entertainment.