Baichuan Intelligence, founded by Wang Xiaochuan, completed US$300 million in financing, with participation from Alibaba, Tencent, Xiaomi, Shenzhen Venture Capital, etc.

Baichuan Intelligence, a large AI model company, announced today that it has completed the A1 round of strategic financing, with a financing amount of US$300 million. Technology giants such as Alibaba, Tencent, Xiaomi and many top investment institutions have participated in the investment. The "King of Local VC" Shenzhen Venture Capital is also the investor. One of the round investors. Including the US$50 million from the angel round, the financing amount of Baichuan Intelligent has reached US$350 million. It is reported that Baichuan Intelligence was founded on April 10, 2023 by former Sogou CEO Wang Xiaochuan. Its core team is composed of talents from well-known technology companies such as Sogou, Google, Tencent, Baidu, Huawei, Microsoft, and Byte. At present, Baichuan Intelligent's team size is more than 170 people, of which nearly 70% are employees with a master's degree or above, and more than 80% are R&D personnel. With the release of the financing news, Baichuan Intelligent also announced the launch of campus recruitment for the class of 2024 and launched the "Star Project", aiming to find elites with technical ideals and love for the AI ​​field. (investment community) According to previous news in April, former Sogou CEO Wang Xiaochuan recently officially announced his entry into China's large model entrepreneurship, and co-founded the artificial intelligence company "Baichuan Intelligence" with former Sogou COO Ru Liyun, aiming to create a Chinese version of OpenAI. It is reported that the company has earlier received US$50 million in start-up capital, which came from the personal support of Wang Xiaochuan and his friends in the industry.