s/demishassabisCHINA AI•May 13
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Ex-Qwen lead pitches pre-product Chinese AI lab at $2B valuation
A brand-new Chinese AI lab is already being pitched at a roughly $2 billion valuation while still pre-product. Junyang Lin, who led Alibaba’s Qwen models, is seeking several hundred million dollars and leaning on that track record to justify the price. Investors including Gaorong Ventures and HongShan are in talks, a sign that top model talent is commanding unusually aggressive early valuations.
Timeline2
May 13
The Information reported that Junyang Lin was seeking several hundred million dollars for a new AI lab at a potential $2 billion valuation.
May 13
The Information reiterated that the startup could be valued at about $2 billion, calling it a rare target for a brand-new Chinese AI company.
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May 13