Tianyancha App shows that Hefei iFlytek Xingdun Technology Co., Ltd. was recently established. Hu Guoping serves as the legal representative, and the registered capital is RMB 200 million. The company's business scope includes software development, AI basic resources and technology platforms, AI theoretical and algorithm software development, AI application software development, network and information security software development, big data services, etc. It is wholly owned by iFlytek.

Recently, the domestic artificial intelligence company DeepSeek has attracted widespread attention due to its outstanding performance. Interestingly, some netizens discovered that there seems to be a 'missed connection' story between DeepSeek and its upstairs neighbor - Beijing Baidu Investment Management Co., Ltd. (referred to as 'Baidu Venture Capital').

Against the backdrop of the global generative AI wave in 2022, YuanShi Intelligence (RWKV) completed tens of millions of RMB in angel round financing in December 2023, with investment from Tianji Capital. Following this financing, the company’s valuation doubled, and the funds will be used for team expansion, new architecture development, and product commercialization. The emergence of RWKV presents a strong challenge to the traditional Transformer architecture. With the advancement of large language models (LLMs), although the parameter scale of models is becoming increasingly large, issues like hallucination and accuracy persist.

Yuanshi Intelligence Co., Ltd. in Shenzhen recently announced that it has completed tens of millions of RMB in angel round financing on December 25, 2024, with Tianji Capital as the investor. This financing will accelerate Yuanshi Intelligence's efforts in ecological development, strengthening technological capabilities, and launching AI applications targeting end consumers. Founded in June 2023, Yuanshi Intelligence is a high-tech enterprise focusing on the research and development of large model architectures and AI applications. With its innovative technology and clear development strategy, the company has continuously attracted the favor of the capital markets. Prior to this financing, Yuanshi Intelligence had

Chinese emerging AI large model company Jumps Star recently announced significant news, completing hundreds of millions in financing. This round was led by Fortera Capital, a private equity investment institution under the Shanghai state-owned capital investment and operation platform, with well-known firms such as Tencent and Qiming Venture Partners participating. Founded just over a year ago by former Microsoft Asia Research Institute Chief Scientist Jiang Daxin in April 2023, Jumps Star has already made breakthrough progress in the field of multimodal large language models.

Despite the overall risk investment trend in Europe stabilizing, the vigorous development of AI startups may be overlooked. According to data from venture capital firms Balderton Capital and Dealroom, this year 25% of venture capital in Europe (approximately $13.7 billion) has flowed into AI startups, compared to just 15% four years ago. This has led to the emergence of several new unicorns, such as Poolside and Wayve. James Wise, a general partner at Balderton Capital, stated that...

Against the backdrop of rapid development in artificial intelligence, iFLYTEK and several enterprises jointly established the 'Anhui Kexun Artificial Intelligence Venture Capital Fund Partnership (Limited Partnership)' on December 16. The fund has a total investment of 500 million RMB, aiming to support and promote innovation and development in the field of artificial intelligence. According to data from the Tianyancha App, the managing partner of this newly established investment fund is Hefei Kexun Innovation Information Technology Partnership (Limited Partnership). Its business scope is extensive, covering equity investment and investment management for private equity funds.

Recently, Zhipu Company successfully completed a new round of financing, raising 3 billion RMB, attracting participation from multiple strategic investors and state-owned institutions, with existing shareholders such as Guanjun Capital also increasing their investment. The funds will primarily be used for the research and development upgrades of Zhipu's base large model, further enhancing its capabilities in complex reasoning, multimodal task solving, and promoting innovation and development in the industry ecosystem. This marks Zhipu's second round of financing this year. Previously, in September, Zhipu received funding support led by Zhongguancun Science City, becoming the first large model startup to achieve a valuation exceeding 20 billion RMB.

Recently, Zhu Xiaohu, the managing partner of Jinshi River Venture Capital, has repeatedly posted on social media in response to the Dark Side of the Moon arbitration case, criticizing former managing partner Zhang Yutong. In response, Yang Zhiling, founder and CEO of the Dark Side of the Moon, issued a statement last night via social media, addressing questions regarding his exit from his previous company to start anew and the issue of Zhang Yutong's shares in the Dark Side of the Moon. Yang Zhiling clearly stated that all necessary procedures received the signature approval of each director when he left Cyclical Technology to begin a new venture. He emphasized his clear separation from the previous company and some shareholders.