China-based artificial intelligence startup Baichuan, Alibaba, Tencent ve Xiaomi’the Investment of 5 million yuan, or approximately 691 million dollars He announced that he had received it.
According to Bloomberg, the company currently worth 20 billion yuan ($2.7 billion). Baichuan also received additional investments from the Beijing government’s AI Industry Investment Fund, Shanghai AI Industry Investment Fund and Shenzhen Capital Group.
Baichuan, Nisan 2023’te Wang Xiaochuan was founded by The company has become a leading AI developer in China with its work on generative AI and large language models in competition with Microsoft and OpenAI. Baichuan’s core team includes many artificial intelligence experts from major technology companies such as Google, Tencent, Baidu, Huawei, Microsoft and ByteDance.
Baichuan was one of the first companies to receive regulatory approval to launch large tongue models in China, launching commercially with the launch of the Baiuchan2-53B. Since launch, it has released more than 12 LLMs, including Baichuan-7B, Baichuan-13B and Baichuan4, and introduced AI assistant Baixiaoying in May 2024.
At its launch in May, the company introduced its eponymous LLM, Baichuan 4, and in its latest SuperCLUE test, it artificially beat the most popular LLMs at the time, including OpenAI’s GPT-4 and Anthropic PBC’s Claude 3 Opus. He said the intelligence model outperformed in measuring Chinese proficiency. The company also said that its Baixiaoying chatbot stands out for its ability to search like a pro against local rivals such as Baidu’s Ernie bot and Moonshot AI’s Kimi.
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