Baichuan Intelligent completed 5 billion yuan of Series A financing, with a valuation of 20 billion yuan

According to the news from "Intelligence Emergence", large model startupsBaichuan IntelligenceRecently completedSeries A Financing, with a total amount of 5 billion yuan and a valuation of 20 billion yuan. According to reports, in addition to the previously announced investors such as Alibaba, Tencent, and Xiaomi,FinancingIt has also attracted industrial investment funds with state-owned backgrounds from Beijing, Shanghai, Shenzhen and other places to join.

Baichuan Intelligence was founded by former Sogou CEO Wang Xiaochuan in April 2023 and is one of the first AI big model companies in China. Since its establishment, the company has launched 12 big models, covering open source and closed source fields, and released the AI assistant "Bai Xiaoying" in May this year.

Baichuan Intelligent completed 5 billion yuan of Series A financing, with a valuation of 20 billion yuan

It is worth noting that Baichuan Intelligence has performed outstandingly in the field of medical AI. The company regards medical care as the "crown jewel of the big model", and its Baichuan3 model has surpassed GPT-4 in some medical evaluation tasks. Baichuan also proposed an L0-L5 hierarchical development route for AI medical care, believing that the current technology has reached the L3 level.

This round of financing reflects the changes in the financing landscape of the large-scale model industry. In addition to traditional VCs and technology giants, state-owned funds are becoming an important source of funds. Industry insiders pointed out that the valuation threshold of the first-tier large-scale model companies has risen to 20 billion yuan, and the financing competition is still going on.

However, as funds pour in, the pressing issue facing large model companies is to realize technology implementation and commercialization. Baichuan Intelligence adopts a dual-wheel drive strategy of "super model + super application", focusing on specific scenario applications while pursuing AGI, especially the potential in the medical field.

The successful financing of Baichuan Intelligence not only demonstrates the confidence of investors, but also reflects the development trends and challenges of the AI large model industry. The industry expects Baichuan Intelligence to make more breakthroughs in fields such as AI medical care.

 

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