Blue Whale News reported on Nov. 20 thatModel Track Startupsfrontier fortress technologyRecognition of beingAnt GroupAcquisitionThe company will operate independently, but the investors have exited.
The report mentions the news that Ant Group has recently set up a reinforcement learning lab, and that the founder of Edge Technology, Wu Yi, has been on board.Serves as the Chief Scientist of the Laboratory.
Wu Yi responded in a circle of friends on the event of joining the ants, "Recently invited by the ants to do research in the direction of the ants big model reinforcement learning, my tenure in the Tsinghua University School of Intersection Information, as well as the border technology are continuing. Ant has a very good big model application scene, and I hope to make influential work together. Thank you for your interest, and here is a unified response."
The report cited sources familiar with the matter as saying that previously, Wu Yi had doubts about the commercial landing space of the edge of the technology, and has been looking for the opportunity to be acquired, Ant Group has also been looking for investment targets in the field of AI, and the two sides have reached a consensus in this direction. As with the previous oladance and waveform intelligence acquisitions.Edge Technology will remain an independent operation after the acquisition, people familiar with the matter said, adding that the investor has now exited.
According to people familiar with the matter, after the angel round of financing, BizTech has previously been valued at $80 million (currently about 580 million yuan), according to the source.But this ant acquisition price is below the company's valuationThe investors who participated in the angel round of investment, such as Zhenge Fund and Shunwei, did lose some money, but the percentage of loss did not exceed 50% of the investment amount.
Publicly available information shows that Edge Technology was founded in March 2023 and is committed to providing better intelligent experiences for more people based on large language models and using reinforcement learning. Wu Yi once said in an issue of Zhenge Fund's podcast that he hopes to build alignment technology between AI and humans through a generalized reinforcement learning training platform, so that intelligence is presented to people in the most comfortable way to benefit as many people in the world as possible.