In the first quarter of the year, funding for artificial intelligence start-ups in China experienced a remarkable surge, increasing nearly threefold compared to the same period last year. Investors directed over 110 billion yuan (approximately US$16.2 billion) into these ventures, marking a 185 percent rise. This significant influx of capital is largely attributed to heightened enthusiasm surrounding large language models (LLMs) and embodied AI technologies, reflecting a growing confidence in the country's technology sector. The data, released by a Beijing-based research firm, underscores the accelerating interest and investment in AI as a key driver of innovation in China’s evolving tech landscape.
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Original from SCMPTech: China’s AI start-up funding triples to US$16b in first quarter amid bets on LLMs, robotics
China’s AI start-up funding triples to US$16b in first quarter amid bets on LLMs, robotics
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