~$717m

StepFun, a Chinese AI startup that develops LLMs and has partnered with automaker Geely and smartphone brands like Oppo and Honor, raised a ~$717M Series B+

StepFun, a Chinese AI startup that develops LLMs and has partnered with automaker Geely and smartphone brands like Oppo and Honor, raised a ~$717M Series B+

StepFun, a Chinese AI startup specialising in the development of large language models (LLMs), has raised over 5 billion yuan …

Chinese AI chip startup Biren surged as much as 119% in its Hong Kong debut, after raising ~$717M in an IPO priced at ~$2.52 per share

Bloomberg :

Filing: Chinese AI chip startup Biren raises ~$717M in its Hong Kong IPO; institutional and retail tranches were oversubscribed ~26x and ~2,348x, respectively

Himanshi Akhand / Reuters :

Baidu reports Q4 revenue down 2% YoY to ~$4.7B, above $4.6B est., and a ~$717M net income, above ~$540M est., as its search and AI businesses face competition

Revenue for the three months ended December shrank 2% to 34.1 billion yuan ($4.7 billion), versus an average estimate of 33.4 billion yuan.